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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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🔥 BREAKING: California Democrat Gloria Romero, who served as the State Senate Majority Leader, has just announced that she's leaving the Democrat party and becoming a Republican and will be voting for Trump this November
Kamala Harris is the “Ultimate PUPPET”: Nicole Shanahan
“The Democratic Party has not run real people” since Barack Obama, according to Shanahan. She believes they’ve handpicked candidates they can control, and Kamala is no different.
Shanahan argues Kamala is a mere symbol of “corporatism and a huge amount of cronyism,” controlled by a small elite dictating policy.
“I don’t think Kamala Harris is somebody who will sit here and tell you how she feels. I think that human capacity of hers has LONG GONE.”
@NoAgendaLara
