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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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London Police roll out military-grade riot trucks.
The Met Police just dropped £3.2 million on 18 Israeli-built Sandcat armoured beasts - 9,000kg each, built for warzones, now weaving through London traffic.
They are bulletproof, bomb-resistant, and big enough to haul 11 officers into "extreme public disorder."
They are reportedly not operational yet, just “training.”
What are they training for?
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The DOJ has eliminated disparate-impact regulations today, rolling-back the liability priority of the 1964 Civil Rights Act which gave an advantage to people ‘statistically likely to experience discrimination’ such as non-Whites, the LGBT and non-Christians.
This means discrimination in a federal legal context must be proven by intent and conduct, making it harder to merely accuse businesses or White men of discriminating for maintaining reasonable standards.
Portsmouth City Council ban Christmas wreaths.
Liberal Democrat-run Portsmouth City Council turned Scrooge as it told tenants that they could not hang a wreath on the front-door of their flat.
Housing officers from the council sent out hundreds of letters threatening Christmas-loving locals with fines and removal should they not comply with the order.
The letters insist that tenants "must not leave items in the communal areas" to abide by their tenancy agreements.
