Why is BITCOIN Going Up in Price!?

in #hive-1679229 months ago

In a world where Bitcoin's price trajectory often resembles a rollercoaster designed by a mad scientist, we've just hit a new peak that's got everyone talking. But what's really fueling this ascent to uncharted territory? Is it mere speculation, or are there deeper economic currents at play?

  • What's the Real Cause of BTC Hitting New All-Time Highs?
  • U.S. Debt Spiral | One Reason Behind Bitcoin's Rise to Dominate Gold?
  • NYCB (New York Community Bank) Stock Halted After Crashing 42%
  • USDT Surges Beyond $100B Market Cap | Continued Growth in Stablecoin Use Cases
  • Thorchain's ADR012 Is Approved. 60M RUNE burned and Lending Caps Raised
  • Arizona Senate Considers Adding BTC ETFs to the State's Retirement Portfolio
  • BTC Spot Trading Hits 12 Month High
  • Meme Coins Are Raging

New York Community Bank's stock takes a nosedive, halting after a 42% crash. Meanwhile, USDT's market cap surges beyond the $100 billion mark, signaling a continued expansion in stablecoin use cases that could redefine liquidity as we know it.

As if the plot couldn't thicken any further, Thorchain's ADR012 gets the green light, leading to a staggering 60M RUNE being burned and lending caps getting a significant boost. This move not only shakes up the DeFi space but also signals a new era of financial autonomy and innovation.

But wait, there's more. The Arizona Senate is flirting with the idea of adding BTC ETFs to the state's retirement portfolio, a move that could set a precedent for how governments view and invest in digital assets. Meanwhile, BTC spot trading volumes are soaring to 12-month highs, reflecting a growing appetite for Bitcoin that transcends the speculative frenzy.

And let's not forget the meme coins. In a world that often feels too serious, these digital jesters are not just surviving; they're thriving, capturing the imagination (and wallets) of investors looking for a mix of humor and potential returns.

Posted Using InLeo Alpha

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Talk about hive ..

Too many people talk about Hive here and that keeps an echo chamber going. It also gets boring. It's good to hear about other aspects of the crypto and financial markets.

Adding Btc ETF to retirement portfolio would be a bold step to further strengthen bitcoin and cryptoverse. Thanks for the round up

21 million supply for 6 billion peoples that's why it's keep pumping

I came to the conclusion that Common U.S. Coinage will "out-perform" Silver, Gold, and all the Cryptocurrencies, including Bitcoin...