© Reuters. Bitcoin marks a new high at nearly $ 69,000
Madrid, Nov 10 (.) .- El, the best-known cryptocurrency in the market, registered a new historical maximum of $ 68,991.84 per unit this Wednesday, following the high inflation registered in October in the US, according to the data. of the market consulted by Efe.
The cryptocurrency has reacted sharply to the upside and after spreading the US price data it has risen $ 3,000 in about thirty minutes, and then moderates. Around 17:30 GMT it is bought at $ 68,630.
As explained from eToro, the rise indicates that the market is very sensitive to the pressure of inflation and that investors are using this cryptocurrency as a hedge against price increases.
“As central banks around the world battle inflation, the need to hold anything that is impervious to its value-eroding effects is becoming apparent. Bitcoin is fundamentally structured as a deflationary asset with a set limit of coins that can enter circulation “, they point out from the investment firm.
The cryptocurrency exceeded $ 68,000 at dawn last Tuesday, although then it returned to trading at around $ 66,000, a level at which it has moved for much of this Wednesday.
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