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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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🚨Minnesota judges are dismissing fraud cases against Somalia immigrants:
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Judge dismissed the $7.2 million fraud case after he was found guilty be a jury.
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Another judge dismissed charges against the same defendants wife before it could reach trial.
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A third judge, Hilary Lindell Caligiuri, dismissed charges against another co-defendant.
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🇺🇸 -Florida Goodwill store was evacuated yesterday following a live hand grenade being found in a donation bin. This is the second time in the Jacksonville, Florida area that this has happened in the past decade, with nearly half a dozen LIVE hand grenades being found at another Goodwill location within 80.4km (50mi) of Jacksonville, FL.
🇺🇸 -Florida Goodwill store was evacuated yesterday following a live hand grenade being found in a donation bin. This is the second time in the Jacksonville, Florida area that this has happened in the past decade, with nearly half a dozen LIVE hand grenades being found at another Goodwill location within 80.4km (50mi) of Jacksonville, FL.
