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Bitcoin Price Drivers

Bitcoin has sailed through its US$60,000 resistance -with market observers saying it has a free run to a new all time high within the next 12 months. Today has been an especially volatile day, in an already volatile week. The price of Bitcoin surged to $63,000 on Wednesday. While still not a new all-time-high, it…
Bitcoin has burst through its US$35,000 resistance and now hovers close to US$40,000 - a price push driven by a wave of positive macro momentum and signs that a spot Bitcoin ETF is close to being approved. The sudden surge in the Bitcoin price is being credited to a convergence of several critical factors and…
In an unexpected end to the week, Bitcoin has sailed through its US$45,000 resistance -with market observers saying it has a free run to a new all time high within the next 12 months. Bitcoin hit $46,400 today – its highest price since December 2021. After 17 days of trading, the BlackRock iShares Bitcoin Trust…