#cryptocurrency_adoption

[phonemantra-blog]

Bitcoin price reached $44,400 The price of Bitcoin rose above $44,400 for the first time since April 2022, according to data from Binance. The peak value of $44,403 was reached today at 01:00 Moscow time, while Bitcoin is currently trading at $43,900. On Monday, we reported that the price of Bitcoin broke through $40,000 for the first time since early last year. Bitcoin price reached $44,400 [caption id="attachment_85625" align="aligncenter" width="780"] Bitcoin [/caption] The main cryptocurrency is growing on expectations of the approval of spot Bitcoin ETFs. In addition, halving is expected in April next year, after which BTC has always grown.

[phonemantra-blog]

The rally continues The price of Bitcoin broke through $40,000 for the first time since early last year and rose to $40,750 at the time of publication. This happened against the backdrop of improving investor sentiment and increasing demand for cryptocurrencies from institutional investors. [caption id="attachment_85494" align="aligncenter" width="600"] Bitcoin[/caption] BTC is already at $40,750. Since the beginning of the year, Bitcoin has grown by 140% According to a report from the US Federal Reserve, inflation in the country slowed to 8.6% in November, down from 9.1% in October. This makes it less likely that the Fed will continue to raise interest rates. This development of events has a positive impact on cryptocurrency rates. Bitcoin has been rising lately due to constant rumors about the launch of a Bitcoin ETF. In addition, halving is expected in April next year, after which BTC has always grown, and by multiples. Since the beginning of the year, BTC has grown by 140%

[phonemantra-blog]

It has already dropped to $27,950 The situation with Bitcoin's rise above $30,000 has finally become clear: there was no approval for a spot Bitcoin ETF in the United States, and the rate quickly fell by $2,000. Coin Telegraph previously reported that the Securities and Exchange Commission (SEC) had approved iShares' first spot Bitcoin ETF in the US. As a result, the Bitcoin price soared from $28,000 to $30,000. [caption id="attachment_69855" align="aligncenter" width="600"] Bitcoin[/caption] Bitcoin soars above $30,000 after fake news appears Later, the largest asset manager BlackRock confirmed that this was fake news. The SEC has not approved a Bitcoin ETF. The fact is that BlackRock is one of those that is waiting for approval of the application to open its Bitcoin ETF and has contacts with the SEC. After such a surge and failure, Coin Telegraph deleted the original post on X/Twitter, and some users on social networks and instant messengers began to brag about successful transactions in this Bitcoin run. At the time of publication of the note, the rate had dropped to $27,950.