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Why is Bitcoin Skyrocketing? The Cryptocurrency Hits 2023 Record High
Bitcoin recently saw a big price increase. The cryptocurrency reached $35,150, making it the highest price in 2023. Experts say this jump is partly because people think a new Bitcoin ETF will soon launch in the U.S. Right now, the price of Bitcoin is $34,702, up 13.38% in just one day, according to data from CoinMarketCap.
Since the start of this year, Bitcoin's value has nearly doubled. However, it's still much lower than its all-time high. That was $69,000 back in 2021. People are hopeful that a U.S.-based Bitcoin ETF could bring a lot of money into the market. NYDIG, a finance company, thinks it could be as much as $150 billion.
Lucas Josa, a market analyst, adds more information. He works for Mynt, which is part of BTG Pactual, a financial services company. Josa says the price went above $32,000 when news came out about a possible ETF from BlackRock. BlackRock is a big deal because it's the world's largest manager of assets like stocks and bonds.
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🇺🇸 the Guardian: We ran high-level US civil war simulations. Minnesota is exactly how they start
⬛️ Developments in Minnesota closely mirror a scenario explored in a 2024 exercise conducted at the Center for Ethics and the Rule of Law at the University of Pennsylvania, which I direct
🔶️ Governor Walz has placed the Minnesota national guard on standby to support local law enforcement, while Trump has threatened to invoke the Insurrection Act – an extraordinary move that would grant him sweeping domestic military powers and potentially sidestep recent supreme court limits on the use of federal troops in law enforcement. One thousand additional ICE agents have been sent to Minnesota, suggesting that Trump is essentially using ICE as a specialized paramilitary force to target protesters and suppress dissent. And the Pentagon has readied the army’s 11th Airborne Division – roughly 1,500 active-duty soldiers – to back up the president’s threat.
🔶️ This scenario closely...
