Crypto price rally: Bitcoin and Ether with price jump, Commerzbank share in demand

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Crypto Price Rally:

Bitcoin Gains Double Digits, Heading for $25,000

Photo: Dominic Lipinski / dpa

Price gains: The leading German index, the Dax, is heading for a new high for the year on Thursday.

Also thanks to good specifications from overseas stock exchanges, the Dax climbed 0.6 percent to 15,593 points in early trading.

The

also gained 0.5 percent, and the MDax rose even more.

On the crypto market, too, buyers took hold of Bitcoin and Ether again, and the crypto currencies accelerated their recovery.

Investors on the German market initially focused their attention on company figures on Thursday.

The aircraft manufacturer

exceeded expectations with its annual figures, which caused the shares to rise before the market.

On the other hand, as feared, the targets for 2023 would be lower, wrote a trader.

Airbus is postponing the expansion of its medium-haul jet production in view of the problems in the supply chains.

's outlook

as part of the final annual figures as confident.

After the highest profit in more than ten years, the Frankfurters want to further increase the result in 2023.

The shares rose by up to almost 1.5 percent before the market.

Wall Street is fighting its way into the black

The New York stock exchanges laboriously worked their way into the plus on Wednesday.

As on the previous day, the technology stocks concentrated on the Nasdaq performed slightly better than the standard stocks on Wall Street.

Investors continued to struggle to draw clear conclusions from current economic data for equities.

While the

rose by 0.11 percent to 34,128 points, but only made it into the profit zone in the final minutes, the market-wide

rose by 0.28 percent to 4147 points.

The Nasdaq 100, on the other hand, made the clearest gain with 0.77 percent to 12,687 points.

Among other things, strong figures from the accommodation broker

lifted the mood there.

Asian stock markets defy record Japanese deficit

Markets in Asia have taken heart despite the poor interest rate outlook and a slowdown in economic growth in Japan.

Better-than-expected US retail sales are keeping investors anticipating prolonged rate hikes by the US Federal Reserve, which could weaken demand.

"A lot of the data has been quite positive, so people might think, 'Where's the recession?'" said Jason Wong, market strategist at BNZ in Wellington.

There was bad news from Japan: The economy posted its largest trade deficit ever due to weaker Chinese demand for cars and chip machines.

The Nikkei Index, which comprises 225 values, nevertheless closed 0.7 percent higher at 27,696 points.

The broader

rose 0.6 percent to close at 2,000 points.

The

stock exchange was up 0.8 percent.

The index of major companies in

gained 1 percent.

Bitcoin and Ether with price rally

The digital currency Bitcoin rose sharply on Thursday night.

Most recently, the cyber currency was 11 percent higher at $ 24,584.

In November 2022, the currency plummeted from over $21,000 to around $16,000 on the back of the collapse of crypto exchange FTX.

A year earlier, bitcoin hit a record high of $69,000.

The second most important cryptocurrency, ether, also rose sharply.

Oil prices rise slightly

Oil prices rose slightly on Thursday.

Most recently, a barrel (159 liters) of North Sea Brent for delivery in April cost 85.98 US dollars.

That was 60 cents more than the day before.

The price of a barrel of the American grade West Texas Intermediate (WTI) for March delivery rose by 71 cents to $79.30.

Crude oil prices received some support from the weaker dollar.

The development made the commodity cheaper for investors from currency areas outside the dollar area, as oil is mainly traded in the US currency.

Exchange rate changes often lead to demand effects on the oil market.

Elsewhere, oil prices are still in their year-to-date range of around $10.

The prices are limited upwards by concerns about demand such as the fears of the economy that keep burgeoning.

The tighter supply from Russia and hopes of an economic revival in China act as a downward counterweight.

With news agencies