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Bitcoin - News Analyzed: 3,826 - Today: 96 - Last Week: 96 - Last Month: 477

⇑ Bitcoin Rockets Past $66k Amidst Major Investments, Regulatory Changes, and Market Anticipation

Bitcoin Rockets Past $66k Amidst Major Investments, Regulatory Changes, and Market Anticipation
Biden has ordered a halt to a Bitcoin mine tied to China situated close to a U.S. nuclear base; this comes as a U.S. firm acquires it. The futures exchange CME is preparing to introduce bitcoin trading. Wallet recovery firms are buzzing amid the panic of crypto investors locked out of their accounts in the ongoing bitcoin boom. Bitcoin mining cost has dropped to $45K as inefficient miners exit, according to JPMorgan. The network's hash rate, however, took a 20% dive, causing alarm among Bitcoin miners. Multiple studies revealed the increasing interest of hedge funds in Bitcoin ETFs. The Senate has passed a bill to overturn the SEC rule on Bitcoin and crypto custody, despite Biden's threats of a veto. Bitcoin's price breakouts seem to be linked with economic factors like CPI data and ZIRP.BlackRock and Morgan Stanley have made notable investments in Bitcoin ETFs. The state of Wisconsin has also reportedly purchased a significant amount in BlackRock's spot bitcoin ETF. Continued high demand from Bitcoin whales is noticed. Bitcoin ended up having a surprisingly good day after the April inflation reading confirmed easing concerns. Despite recent price volatility, Bitcoin's prospects look bright.

Bitcoin News Analytics from Sun, 12 May 2024 10:39:00 GMT to Fri, 17 May 2024 00:13:00 GMT - Rating 8 - Innovation 5 - Information 9 - Rumor -1

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