Bitcoin (BTC) $104,282.9 Prices stopped the rise by standing a little below record levels on Friday morning. The leading crypto currency in terms of BTC’s market value is traded at about $ 104,400 at the time of hours. According to Coindesk data, Bitcoin prices are only 4.7 %missing to determine the highest level of a new time.
Gold prices break a record
Gold reached the highest level of all time with $ 2,799 per Friday morning. This increase came with a 6.5 %gain since the beginning of the month. In the London bullion market, the participants are doing intensive purchase to borrow yellow metal from the central banks. According to Reuters, this mobility was triggered with concerns of possible import tariffs.
Inflation Increase in Tokyo
In January, consumer inflation in Tokyo showed a slight increase. According to official data, the core inflation rate rose to 2.5 percent. This increase is considered as a sign of the Central Bank of Japan to increase its policy interest to 0.5 %, the highest level of 16 years.
Developments in crypto markets
Nick Forster, the founder of Derve.xyz, said that the probability of falling below $ 75,000 before March is 9.7 %and the probability of increasing more than $ 250,000 until mid -September is 4.4 %. Flows on platforms such as Deribit and CME still maintain an optimistic atmosphere.
“Some crypto leaders think that the BTC will fall, then it will reach $ 250,000 towards the end of the year. However, the Derive.xyz market is suspicious of it. ”
Gold -supported tokens also get power from the rise of XAU prices. Tokenlar such as Tether Gold (Xaut) and Paxg, reflecting the price increase of yellow metal gains value. In addition, the inflation in Tokyo may lead to strengthening of the boat and the depreciation of risky assets.
“The rise of gold to record levels against the Great Fiat currencies indicates that currencies have depreciated, Blokland said Jeroen Blokland, the founder of Blokland Smart Multi-Asset Fund.
In addition, BTC reserves in the US are expected to increase at the state level, while this constitutes a positive momentum in the market. However, due to the rising yen dry/JPY papers, such as risk indicators, losses may occur.
This mobility in Bitcoin and gold markets has various opportunities and risks for investors. The fact that crypto currencies move in parallel with traditional risk assets makes market dynamics even more complex.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
