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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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After several hours of confusion and uncertainty, it’s time to bring some order to the situation.
What exactly did Trump agree to?
The agreement rests on two very lean principles:
“The Strait of Hormuz must remain open to free navigation, and Iran must not possess nuclear weapons.”
Trump has insisted in nearly every other post that Iran will not be allowed to obtain nuclear weapons, while simultaneously pushing to keep the Strait of Hormuz open to unrestricted maritime traffic at any cost.
But why was Trump so eager to reach such a minimal agreement? Why did he pressure Israel not to interfere, even at the cost of merging the various fronts and exposing soldiers to greater danger? Why did J.D. Vance, who has opposed military intervention, suddenly move to the forefront while Rubio faded into the background? And why has no one managed to offer a convincing explanation beyond references to the World Cup, birthdays, the midterm elections, and other superficial reasons for this apparent obsession?
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— 🇺🇸/🇮🇷/🇮🇱 i24 News correspondent, Amichai Stein:
‘Why is this agreement a strategic disaster?
The Americans give the Iranians plenty—and get nothing in return.
The most absurd thing is that this war ends with sanctions relief for oil sales. Something that didn't exist before the war.
What do the Americans get? Nothing. No nuclear, no ballistic, no proxy.’
🇮🇱❌🇱🇧❗️ — Israeli Ministers Bezalel Smotrich and Itamar Ben-Gvir have called upon Netanyahu's government to respond with military force to the Hezbollah drone attack that struck an IDF military installation in northern Israel.
▶️ Smotrich called for direct attacks against the Dahiyeh suburbs in Beirut, which could derail U.S.-Iran negotiations at the last moment.
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The Israeli Air Force struck Hezbollah targets in Beirut's southern suburbs a short while ago, Prime Minister Benjamin Netanyahu and Defense Minister Israel Katz say.
"The IDF has just struck Hezbollah terror targets in the Dahiyeh district of Beirut, in response to Hezbollah's firing toward Israeli territory," they say in a joint statement.
"Israel will not tolerate fire directed at its territory," they add.
This morning, three Hezbollah drones exploded in Israeli territory.
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🇮🇱🇱🇧⚡️ — Israeli strike on Beirut’s Dahiyeh kills at least 3, wounds 15, Lebanese Civil Defense ...
