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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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🚨 OH. MY. GOSH!!!!!!!
It has been revealed that the city of Asheville NC will only rebuild 8 HOUSES with the $225 MILLION grant they received from the Trump administration after Hurricane Helen.
Yes, you read that right... EIGHT!!!!!!!!!!!
...OUT OF 11,488 DAMAGED HOMES
The city allocated ONLY $3 MILLION for home repairs.
And $14.9 MILLION for "administration"
FIVE TIMES MORE for PAPERWORK than for the people whose homes got COMPLETELY DESTROYED!!!!!!
Over 100+ approved families are CURRENTLY ON A WAITLIST that will never be funded.
THIS IS CRIMINAL!!!!!!!!!!!
PEOPLE NEED TO GO TO JAIL!!!!!!!!!!!!
Matt Van Swol
