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Bitcoin Price Prediction: BTC Still Rejected at $45,000

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Bitcoin Price Prediction: BTC Still Rejected at $45,000

Bitcoin RecapBitcoin Recap

Bitcoin, the world’s most prominent cryptocurrency, continues to show resilience, hovering around the $44,000 mark. As of this writing, the global crypto market capitalization stands at an impressive $1.66 trillion, marking over 2% surge in the last 24 hours.

Bitcoin’s recent surge past $44,000 can be linked to ongoing discussions about Bitcoin ETFs involving major players like BlackRock, Nasdaq, and the SEC.

 

The crypto market has experienced substantial growth, with a notable 16% gain this month and a remarkable 165% increase year-to-date.

This surge follows significant developments, including Argentina’s official adoption of Bitcoin as its national currency and El Salvador’s new law offering citizenship to foreign Bitcoin investors.

These milestones are fueling optimism and driving positive sentiment in the cryptocurrency arena, as the market anticipates further breakthroughs.

Crypto Market Reaches $1.66T, Bitcoin at $44K Pre-Christmas


The global crypto market cap has surged to $1.66 trillion, with Bitcoin touching the $44,000 mark just ahead of Christmas.

This increase is partly attributed to a key meeting involving BlackRock, Nasdaq, and the SEC, discussing a Bitcoin ETF, which sent strong positive signals, fostering an optimistic market sentiment.

Additionally, BTC’s uptick gained further traction following the release of weekly jobless claims data and the US GDP quarterly growth figures.

Hong Kong’s Crypto ETFs Move: Effects on Bitcoin’s Value


In a notable shift, Hong Kong’s financial regulator, the Securities and Futures Commission (SFC), is now open to accepting applications for spot crypto ETFs.

This move, which includes a review of broker policies regarding virtual assets, contrasts with China’s stringent stance on cryptocurrencies.

 

Hong Kong’s welcoming approach to crypto firms throughout the year has culminated in this significant development, signaling a potential approval of spot ETFs in a more mature financial market.

Consequently, this move is expected to positively influence Bitcoin’s value, as it reflects increasing acceptance and adoption of cryptocurrencies, potentially drawing more investors and bolstering market confidence.

Bitcoin Price Prediction

Top 15 Cryptocurrencies to Watch in 2023


Stay up-to-date with the world of digital assets by exploring our handpicked collection of the best 15 alternative cryptocurrencies and ICO projects to keep an eye on in 2023. Our list has been curated by professionals from Industry Talk and Cryptonews, ensuring expert advice and critical insights for your cryptocurrency investments.

Take advantage of this opportunity to discover the potential of these digital assets and keep yourself informed.

Disclaimer: Cryptocurrency projects endorsed in this article are not the financial advice of the publishing author or publication – cryptocurrencies are highly volatile investments with considerable risk, always do your own research.

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