IITMIND: EdTech, Finance and Crypto currencies


Bitcoin has shown only green candles in the past week. Why it is rising all of a sudden and is this the signal of the bottom?

Since the year 2023 started, Bitcoin is sending positive signals to the crypto community. Recently, It's hashrate has achieved a new All-Time High (ATH) of 361 EH/s. During the past week, Bitcoin and Ethereum price has grown over 3.10 and 8.5% respectively. Some reports show that Bitcoin miners now have stopped selling. The US markets have also finished the previous week with over 2.5% spike.

Investors and reputed financial institutions are now considering Bitcoin as a future-grown asset and are actively working to offer blockchain and crypto services to their users. Developments and global response to Bitcoin show that now it is considered less volatile as compared to traditional markets. It will be interesting to see whether these developments and progress help Bitcoin to become a secure and globally adopted currency in the future time.

As of now, at the time of writing this article, Bitcoin is trading at $17,230 (+1.72% in 24hrs) and the global crypto market capitalization stands at $853.5 Billion.

>> Disclaimer:- Cryptocurrency Investment is subject to high market risk. The information on our website is for educational purposes only. Please do your own research before investing anywhere, we will not be responsible for your investment losses.

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