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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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🇺🇸🛢 US oil inventory model excluding SPR fair value showed ~$95/bbl WTI last week.
This week’s commercial oil inventory draw excluding propane/propylene is 8-9million bbls.
It would put fair value at $98-$99.
By the end of July, another 65-70 million bbls will be gone.
🔗 HFI Research
❄️🌊 Mysterious ‘cold blob’ in the Atlantic suggests the AMOC is weakening
A patch of ocean south-east of Greenland is the only place on Earth that is cooling, and it could be a sign that the warm water "conveyor belt" in the Atlantic is slowing down
Over the past 150 years, Earth’s entire surface has been warming, except for one patch of the north Atlantic. Located south-east of Greenland, this area has cooled by as much as 1°C and is known as the “warming hole” or the “cold blob”.
Scientists have been split over why this cold blob exists, but the latest evidence backs up the idea that it is caused by a weakening of the Atlantic Meridional Overturning Circulation (AMOC), the system of currents that transports warmth from the tropics to Europe.
The AMOC carries warm, salty water from the Gulf of Mexico towards the north Atlantic, where it cools and sinks, flowing back south along the ocean floor. Scientists are concerned that the surge of freshwater from Greenland’s ...
🇮🇷🇮🇷❌🇮🇱🇺🇸🌞- Summary of today's events in Israel, Iran, Lebanon, and Iraq:
➡️ Earlier today, Israel struck an apartment building in Dahieh, southern Beirut, despite Iranian threats of retaliation on northern Israel if they carried out such attacks. At least 2 people were killed.
➡️ In response, Iran carried out their threat and attacked northern Israel with at least 26 ballistic missiles and multiple drones. At least 2 impacts were confirmed near Tiberias and southwest Haifa, along with 3 impacts allegedly of debris in other areas of northern Israel.
➡️ Missiles were launched from Kermanshah (5), Tabriz (3), Urmia (2), Isfahan (7), Kashan (3), Qom (3), and Andimeshk (3), all towards northern Israel.
➡️ After the attack, Israeli officials are pushing for a response; Donald Trump and Israeli PM Netanyahu spoke on the phone, where according to Israeli media, Netanyahu "Kind of agreed" not to retaliate.
➡️ A U.S. Army MQ-1C "Gray Eagle" ...
