Bitcoin Rallies 22% Past Week, But Is The Rally Sustainable?
mythofmoney.substack.com
Dear Investors, Welcome to this week’s edition of the Myth of Money. If you would like to keep in closer touch, please reach out on X (formerly Twitter) below. Bitcoin Surges Amid Anticipation of a U.S. BTC ETF Approval On Monday, Bitcoin (BTC) witnessed an impressive surge, racing past $35,000, marking its highest price since May 2022. This significant uptick is part of a broader October bull run in the cryptocurrency markets, driven largely by the mounting optimism that a Bitcoin ETF will soon receive the nod in the U.S. The added pressures of global conflict, further the argument that Bitcoin is a hedge against global turmoil and a “flight to safety” asset.
Bitcoin Rallies 22% Past Week, But Is The Rally Sustainable?
Bitcoin Rallies 22% Past Week, But Is The…
Bitcoin Rallies 22% Past Week, But Is The Rally Sustainable?
Dear Investors, Welcome to this week’s edition of the Myth of Money. If you would like to keep in closer touch, please reach out on X (formerly Twitter) below. Bitcoin Surges Amid Anticipation of a U.S. BTC ETF Approval On Monday, Bitcoin (BTC) witnessed an impressive surge, racing past $35,000, marking its highest price since May 2022. This significant uptick is part of a broader October bull run in the cryptocurrency markets, driven largely by the mounting optimism that a Bitcoin ETF will soon receive the nod in the U.S. The added pressures of global conflict, further the argument that Bitcoin is a hedge against global turmoil and a “flight to safety” asset.