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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🇺🇸🇮🇷 IRAN-U.S. AGREEMENT: WHAT TRUMP JUST ANNOUNCEED
Trump has just posted on Truth Social outlining the key points of what appears to be a framework
agreement with Tehran:
What Iran would agree to:
→ Zero nuclear weapons
→ The Strait of Hormuz open without tolls, in both directions
→ Complete demining of the strait (the US has already neutralized several mines using its minesweepers)
The nuclear issue:
→ The enriched uranium buried deep underground following the B-2 strikes 11 months ago will be extracted and destroyed—jointly by Washington, Beijing, Tehran, and the IAEA
→ No financial transfers for the time being
Background:
→ Trump announces he is heading immediately to the Situation Room for a “final decision”
→ The U.S. naval blockade is reported lifted ships — blocked in the Strait can return
⚠️ It remains to be seen what “destroying” the enriched uranium buried under collapsed mountains actually means, and what the ...
USDA Destroying 420,000 peach trees after Del Monte closes all California canneries for good
Del Monte (139 years old) filed bankruptcy as rising energy prices and steel tariffs exacerbated an already bad balance sheet. They closed their Modesto and Hughson canning plants and canceled long-term contracts worth hundreds of millions.
Farmers now have no buyer for clingstone peaches meant for canning.
The USDA is "helping" farmers, providing $9m to destroy the orchards, calling it 'support for transitioning.'
This is what systemic failure looks like in a centralized food supply: one big player collapses, and the entire chain breaks.
Grow your own food! De-centralize! #GoGrow