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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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📅 Daily summary — 09/07/2026
• The U.S.-Iran escalation widened with fresh American strikes on Bandar Abbas, Qeshm, Chabahar, Konarak, Sirik, Kharg, Bushehr, Khuzestan and the Lavan refinery, targeting radar sites, air defenses, coastal sensors, missile and drone depots, naval capabilities and logistics infrastructure. Iran replied with missiles and drones against U.S. ships in the Sea of Oman and targets in Bahrain, Kuwait and Jordan, while Tehran raised the toll to 14 dead and 78 wounded and confirmed 8 losses in its air force and navy.
• CENTCOM said the latest round of strikes on Iran hit about 90 targets, after around 80 were struck the night before, including more than 60 small Revolutionary Guard boats, and said the campaign could last days or weeks. Bloomberg also reported that ship traffic in the Strait of Hormuz came to a complete halt.
• At the NATO summit, Donald Trump attacked Spain, calling it a “terrible partner” and “a lost cause,” and repeated that he ...
🔥 Top Stories
• U.S.-Iran escalation widens — Fresh U.S. strikes hit Iranian military, ports, bridges and air defenses; Iran says it will retaliate, raising war-risk headlines and pushing oil higher
• Hormuz disruption risk spikes — Shipping through the Strait of Hormuz nearly halted; Gulf states issued alerts/sirens as maritime insurance costs jumped
• Oil, gold and bonds react — Brent neared $79, WTI jumped above $75, and gold held above $4,100 as inflation and supply-shock fears returned
⛽ Oil & Energy
• Hormuz/Red Sea flows under pressure — Maersk rerouted one service via the Red Sea while ship traffic in Hormuz slowed sharply
• Global energy supply jitters — Norway flagged rising output losses; Kazakhstan’s Atyrau refinery resumed early; Colombia oil output also slipped
• OPEC+ geopolitics — Iraq said it will stay in OPEC but wants a fairer quota amid broader regional tension
📊 Markets & Macro
• Risk-off then selective rebound — Asia traded mixed as tech shares helped...
