Prominent Bitcoin OG shares this take on what is creating headwinds for Bitcoin right now
a staggering 7.88% within one hour after the news spread about Grayscale beating the SEC regulator in court regarding the conversion of its Bitcoin Trust into a spot ETF. The flagship digital currency then soared from the $26,000 zone and managed to top the $28,000 level.
That did not last long, however, and within the upcoming week, the price gradually went down to the $25,400 zone. At the time of writing this article, BTC is changing hands at $25,688 per coin.Next year, roughly in April-May, the next scheduled Bitcoin halving is to take place when BTC miners rewards will be cut by half, which will reduce the injection of Bitcoin into the market. Traditionally, market players and tradersafter halvings.
However, many believe the likely reason for that price jump was the enormous amount of extra cash printed by the US Fed Reserve and other central banks around the world since March 2020 due to the pandemic and lockdowns.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Spot bitcoin ETF approval is 'inevitable,' says former SEC chairmanSpot bitcoin exchange-traded fund (ETF) approval is 'inevitable,' according to former SEC chairman Jay Clayton.
Les mer »
Bitcoin Miner Canaan's Q2 Mining Revenue Surges by 43%, Net Loss Increases by 31%: ReportCanaan's Bitcoin mining revenue saw a 43% increase compared to the first quarter of 2023.
Les mer »
Kazakhstan names former economy minister Suleimenov as central bank chief By ReutersKazakhstan names former economy minister Suleimenov as central bank chief
Les mer »
Weekly close risks BTC price 'double top' — 5 things to know in Bitcoin this weekBitcoin analysts line up BTC price talking points for the week ahead.
Les mer »
Rare Bitcoin (BTC) Correlation Revealed by Bloomberg's Mike McGloneBitcoin might soon test massive uptrend to mimic Nikkei 225
Les mer »
Price analysis 9/4: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TONIf Bitcoin dips to $24,800, select major altcoins could break below their respective support levels.
Les mer »