Friday, August 1, 2025
HomeBreaking NewsBitcoin broke its absolute record by crossing the $ 118,000 for the...

Bitcoin broke its absolute record by crossing the $ 118,000 for the first time

While the dollar benefits from American employment, Bitcoin has crossed a new record while major bills are expected in the United States.

The dollar regains ground, the bitcoin flies away. The dollar took advantage of the figures on American employment better than expected, while Bitcoin takes advantage of an appetite for the risk to cross new heights.

Bitcoin evolves this Friday above $ 118,000, unheard of, the day after a session already marked by a previous record.

“The demand for this cryptoactive, especially on the part of the institutions, increases” and “exerts an additional increase on the price”, noted the day before Simon Peters, of Etoro, interviewed by AFP.

In the United States, the House of Representatives will also examine three major laws on cryptocurrencies next week. “If they are adopted”, they will “give considerable momentum to the sector and legitimize it more”, estimates Simon Peters, while cryptocurrencies already benefit “from increased regulatory and political support”.

The first unemployment allocation requests came out downwards compared to past week (-5,000), better than projections of the consensus of analysts interviewed by Bloomberg, which was rising on an increase.

“The main teaching of the report remains that companies have been slow to dismiss their employees, but that it has become more difficult to find a job after having lost one,” write briefing.com analysts.

According to them, “this dynamic reflects a slowdown in the labor market, but not a truly weak labor market”.

After starting the session slightly down, the greenback took around 6:45 p.m. GMT 0.25% at the euro, to 1.1691 dollars, and rose 0.10% compared to the book, to 1.3,573 dollars.

In parallel, “the market remains sensitive to the escalation of trade tensions” but “the operators seem to feel weariness with regard to customs duties”, underline the analysts of briefing.com.

avery.collins
avery.collins
Avery’s Denver sports-medicine reports translate injury stats into everyday workout hacks.
Facebook
Twitter
Instagram
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments