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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🇺🇸🪖 - The US Military Is Preparing For A Draft
Last month, the Selective Service System (SSS) quietly posted a listing for contractors to help wargame a potential scenario where young Americans are mobilized against their will. The solicitation coincides with a new law set to go into effect this December that will automatically register all men aged 18 to 26 within US borders (including illegal aliens) into the SSS by utilizing a cross-section of unspecified federal databases.
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🌅 Market News Digest
Aug 6-7, 2026 EST
🔥 Top Stories
• Hormuz risk, oil shock, markets wobble — renewed Iran/Strait uncertainty pushed Brent above $83, lifted yields, and pressured stocks/gold
• Saudi Arabia, Turkey, Pakistan sign joint defense pact — major regional security shift amid Middle East escalation
• Fed Musalem turns more hawkish — said inflation remains too high, preferred a rate hike, and warned on supply shocks
⛽ Oil & Energy
• Strait of Hormuz tensions keep crude bid — WTI/Brent rallied on fears Iran could restrict shipping; Saudi warned of possible attacks on energy/port infrastructure
• U.S. tariffs on solar supply chain — White House set 15% duty on polysilicon derivatives plus minimum import prices for polysilicon, cells and modules
• U.S. crude imports from Saudi Arabia hit zero — first full-month halt since 1985, underscoring shifting energy flows
📊 Markets & Macro
• Wall Street set for best week in months — AI rebound, strong earnings and hopes for...