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Price jump in cryptocurrencies:
Bitcoin rises to almost 42,000 US dollars
Photo: SASCHA STEINBACH/EPA-EFE/Shutterstock
Cryptocurrency Bitcoin rose above the $40,000 mark on Friday for the first time since January 21 on Luxembourg-based trading platform Bitstamp.
The cyber currency continued to soar on Saturday and was last listed on the Bitstamp trading platform 10 percent higher at just under 42,000 US dollars.
This is the highest level in more than two weeks.
The cryptocurrency had come under pressure since the beginning of the year.
From its record high in November 2021, it fell to just under $33,000 in January.
However, since the low of $33,000, the cryptocurrency has already gained more than 25 percent.
Some other crypto assets gained even more.
The second most important digital currency, ether, which is connected to the Ethereum blockchain network, climbed to more than $3,000 on Saturday for the first time since January 21.
According to the industry portal Coinmarketcap, the currently 17,000 existing digital currencies rose by almost 9 percent to 1.8 trillion US dollars.
The courses were supported by the gains on the Nasdaq technology exchange, which closed on Friday with a plus of 1.6 percent after Thursday's losses.
There, Amazon had calmed the nerves of investors with its balance sheet on Thursday evening after the shock of the figures from Facebook's parent company Meta had previously caused stock exchanges worldwide to create.
While Meta suffered the largest one-day drop in stock market value at $200 billion, Amazon's valuation rose by $190 billion on Friday – no other company had recorded such a large increase before.
In addition, the Snapchat mother Snap also announced a quarterly profit for the first time in its company history on Friday, the papers shot up almost 60 percent.
The numbers from Microsoft, Alphabet and Apple had previously exceeded expectations.
After tech values had been under pressure for weeks, investors are now accessing them again at comparatively low prices - including crypto values.
In addition, according to Bitcoin miners such as Riot Blockschain and Marathon Digital Holdings, Bitcoin production has risen sharply again.
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