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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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U.S. DEPRESSION RATE STAYS NEAR RECORD HIGH
A GALLUP SURVEY FINDS 19.1% OF U.S. ADULTS REPORT CURRENT DEPRESSION IN EARLY 2026—ABOUT 51 MILLION PEOPLE—NEAR HISTORIC HIGHS AND UP SHARPLY FROM 2015.
RATES SURGED AFTER 2019, BRIEFLY EASED IN 2024, THEN ROSE AGAIN. LIFETIME DIAGNOSES HAVE ALSO CLIMBED TO 29.5%.
THE INCREASE IS MOST PRONOUNCED AMONG YOUNGER ADULTS (18–29), WHERE DEPRESSION HAS MORE THAN DOUBLED TO 28%, AND AMONG LOW-INCOME HOUSEHOLDS, NOW AT 37.4%.
LONELINESS REMAINS A KEY DRIVER: THOSE FEELING LONELY ARE FAR MORE LIKELY TO REPORT DEPRESSION (33% VS. 13%). BOTH ARE STRONGLY LINKED TO LOWER LIFE SATISFACTION AND DECLINING OVERALL MENTAL WELLBEING IN THE U.S. ...
🌾🪫 "We're On Borrowed Time": Vitol LNG Chief Warns Of Coming Food Price Shock
Pablo Galante Escobar, the head of liquefied natural gas (LNG) at Vitol, warned the audience at the FT Commodities Summit earlier today that the "world is on borrowed time" and that the Gulf energy shock will develop into a food crisis unless LNG flows resume through the Hormuz chokepoint.
"We are on borrowed time. Every day this trade remains closed and every day production does not come back, we are building a problem for the future, and we are building a problem that, as I said, will be transferred from the energy side into many different sectors, with the food sector being a very important one," Escobar said, who works world's biggest independent energy trader.
Escobar continued, "This is not sustainable, or the energy crisis will become a food crisis. Only gas can supply the feed for fertilizers. We are building a problem for the future."
He added that even if the Hormuz chokepoint reopened today, it ...
