$BTC
#BTC continues its momentum beyond 100K, discover it in the news summary
Bitcoin resumes its bullish run amid a truce in the tariff war and no escalation in interest rates.
This week the price of bitcoin surpassed 100,000 dollars again, a psychological barrier not reached in over two months. Enthusiasm is doubling in the market with the hope that the digital currency will hit another all-time high.
A combination of factors has contributed to bitcoin regaining its upward trend. Among them, the ambiguous speech of the Federal Reserve Chairman, Jerome Powell, who did not offer definitions on interest rates; the signing of a trade agreement between the United States and the United Kingdom; and the expectation of a possible advancement in negotiations between the United States and China.
The traction that bitcoin gains contrasts with the concerns present in the Ethereum community. Followers of the second market platform are worried about the stagnation of the ether (ETH) price.
The situation reached the point where the co-founder of the network, Vitalik Buterin, presented a plan promising that the protocol "will be as simple as Bitcoin." Amid the debate generated, the Pectra upgrade was executed and ETH gained some momentum. All this while two new U.S. states approve favorable regulations for BTC.
Regionally, a lawsuit was filed against the mayor of Panama City due to his decision to enable payments with BTC. This comes as Argentina discovers a new treasure in gold, copper, and silver that highlights the properties of Bitcoin.
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