Why Is Bitcoin Price Skyrocketing To $35,000? Decoding 5 Major Reasons
The Bitcoin price has risen above $35,000 for the first time since early May 2022, for which there are a number of reasons beyond mere speculation. These are the five most important reasons. #1 BlackRock’s Spot Bitcoin ETF Approval Looms Large The primary driver behind the surge seems to be the growing anticipation surrounding the […]
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Centralized exchange tokens have been skyrocketing this year, but there is one problem behind the astonishing performance: they are becoming more equity alike.
Bitcoin in the Headlines is a weekly analysis of industry media coverage and its impact. Bitcoin is back in the spotlight. The digital currency's recent price surge caught the attention of journalists across the globe this week, with major publications noting as bitcoin surged past the $450 mark on CoinDesk's USD Bitcoin Price Index for the first time this year, even passing $500 on select exchanges. You would have thought that the coverage of bitcoin's rally would have ensured that the focus remained on the technology's use as a digital currency, but this was not entirely the case. As....
Gold futures and Bitcoin are on similar paths, albeit both for different reasons. People often see correlations between gold futures and Bitcoin, as they are both quite valuable with potential for a value increase. Now that the Bitcoin price is rising, the value of gold seems to follow a similar trend. Or to be more precise, the gold miner stocks are increasing in price, which could indicate a future gold price increase. Gold Futures Surge By Over 11%. This week has been kind of interesting for traders keeping a close eye on the gold futures charts. With the best day in over seven years on....
The price of Bitcoin (BTC) declined to $16,000 across major exchanges after hitting $16,480 on November 14. Although the BTC price recorded a near 3% drop within 24 hours, the retest is healthy for the ongoing rally. The 15-minuteprice chart of Bitcoin. Source: BTCUSD on TradingView.com Reasons Why the Drop to $16k Could Actually Benefit […]