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Bitcoin Surpasses $25,000, Rises to Highest Since June


Despite fears of stronger regulation in the United States, the queen of cryptocurrencies has soared 15% in three sessions.

The price of bitcoin jumped to over $25,000 on Thursday after soaring 15% in three sessions as pressure from US regulators failed to dampen investors' appetite for the cryptocurrency.

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A less gloomy outlook for the global economy is whetting investors' appetites and benefiting the cryptocurrency market as well as the stock exchanges, with historic records for the Paris and London markets.

$68,992 in November 2021

Since the beginning of the year, the price of bitcoin has climbed more than 50%, even if it remains almost three times lower than its all-time high, at 68,992 dollars in November 2021. , like Ether, are also rising.

However, the news is not necessarily encouraging for the industry, which is still suffering the backlash of the bankruptcy of the FTX platform at the end of 2022.

US regulators have decided to tighten the screw and in particular prohibited the company Paxos on Monday from issuing in the name of the Binance trading platform a cryptocurrency, BUSD, known as stable or “



BUSD, which is supposed to be stable because it is backed by the dollar and US Treasury bonds, will no longer be issued from February 21, and Paxos will only manage the tokens of this “stablecoin” existing for one year.

Read alsoThe IMF warns El Salvador of the “risks” linked to bitcoin

Stablecoins allow users of cryptocurrency exchange platforms to limit conversion costs during their operations.

The third largest stablecoin has just been given an expiration date of February 2024 and the market seems to have swept away the information

,” notes Kaiko analyst Riyad Carey.


The pushback from regulators is fueling some apprehension, but there is clearly

" a sense among investors that the worst is behind for the sector since the FTX platform collapsed last November, comments Oanda analyst Craig Erlam .

Source: lefigaro

All business articles on 2023-02-16

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