The cryptocurrency world has started to be active again in recent weeks. Though far from its highest peak, Bitcoin price It aroused curiosity as it was hovering just below 30 thousand dollars. However, various indicators point to a sharp rise in the near future.
Bitcoin price reached 30 thousand dollars
According to the latest data in the cryptocurrency market Bitcoin at $29 thousand 450 is being traded. The world’s largest cryptocurrency has gained over 3 percent in the last 24 hours, outpacing most major altcoins. Also, in the last week 10 percent growth He succeeded.
According to analysts’ comments, there may be a potential break in the Bitcoin price. The recent bandwidth contraction indicates that volatility will increase in the very short term. This could create a big jump in the popular cryptocurrency.
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Another factor that could fuel earnings is U.S. regulators Approving the first Bitcoin ETF stems from. Industry analysts say approval will happen towards the end of 2023. For those who don’t know, an ETF is an investment vehicle that represents a group of different assets and is traded on a stock exchange.
After the decision from the USA Bitcoin may exceed 50 thousand dollars It is claimed. This prediction seems to be possible with investments from gold ETF investors and US advisors.
As Bitcoin approached $30,000, the cryptocurrency fear index reached its neutral level. In return for all this, it seems likely that the popular cryptocurrency will increase.
Note: None of the information in this article is investment advice.
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