We know what’s coming and we are prepared.
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.
Source
🇦🇪🍔⚠️— BREAKING : Dubai will soon run out of food due to the blockade of the Strait of Hormuz, according to the head of the logistics company Kühne + Nagel, Paul.
▶️There is 10 days of fresh food left there. Theoretically, provisions can be transported overland from Saudi Arabia, but the available capacity is not enough to replace the cargo of at least one container ship.
▶️Up to 20,000 containers can be transported on a single vessel, a volume that is almost impossible to compensate for with trucks.
Jet fuel spot prices have increased by 140% since the Feb. 27, 2026, closure of the Strait of Hormuz following U.S.-Israeli strikes on Iran. This surge, driven by fears of a severe supply shortage for low-inventory refined products, has driven Asian prices to over $225 per barrel.
Key Impacts of the Jet Fuel Surge:
Massive Price Jump: The spot price for jet kerosene rose 140% from a Feb. 27 close of $93.45 a barrel.
European Impact: In Europe, jet fuel prices soared by more than 140%, reaching their highest levels since 2022.
Profit Margins: The profit margin for producing jet kerosene from Dubai crude jumped to over $100 a barrel.
Airline Response: Major airlines are hedging large percentages of their fuel needs into 2027 to manage the crisis.
Supply Chain Disruptions: The closure of the Strait of Hormuz has blocked a route that typically handles about 20% of the world's crude oil.
Even if the conflict is resolved, the disruption to supply chains is expected to cause ...
