Bitcoin has been breaking new records every day since the US presidential election. It reached a new all-time high at $93,477 on Wednesday evening, according to data from CoinGecko. The exchange rate peaked at that time, followed by a minor correction. At the time of writing, the value of the leading cryptocurrency is around $90,000.
The current value of bitcoin is around HUF 35 million, which is a new record for domestic cryptocurrency investors. This price increase is a strong sign that Bitcoin continues to be the focus of global interest. Bitcoin has risen 21.6% since Trump’s presidential victory, partly due to its crypto-friendly attitude and partly due to the weakening of the US dollar.
The US dollar exchange rate is 6.6% lower in terms of euros since the beginning of October, which is the last time such sudden changes were experienced in the forex pair. In the last 24 hours, leveraged positions with a total value of 230 million dollars were liquidated, with $131 million of shorts and $106 million of longs closed.
It is important to note that in the current, volatile exchange rate environment, it is definitely worth proceeding with caution and treating exchange rate predictions.
