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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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Lawton Ok (Ft Sill Army) through SW OK had phone outage, on "emergency call only" until 11p central last night.
🇺🇸📰 There is a flurry of reports over the past 72 hrs from the US media (NYT, WSJ, WaPo, Axios, CBS, etc) raising questions on US readiness for major war with Iran.
There's too much for it to be coincidence. Either the WH is trying to signal to its allies that they're taking a deal or the Pentagon is trying to tie Trump's hands or make sure they're not blamed for the result of war.
To be clear, the Pentagon has its own press people who go behind the White House's back all the time to shape media narratives. Its often done to manipulate the President by having the press describe his as weak or indecisive. So this certainly does not go without precedent.
USS Gerald Ford's blocked toilets are becoming a meme. Complaining about the toilets on a $13 billion ship seems like a cheeky way to draw attention to the "readiness deficit" of a carrier that's been at sea for too long, which would raise questions about air defenses and air wing systems. Navy Dept had opposed the USS Ford's ...
