Yesterday, in a much-talked about conversation with Bloomberg, David Rubenstein, co-founder and co-chairman of the Carlyle Group, confidently spoke of Bitcoin's longevity as an important financial asset, further solidifying the lead cryptocurrency's foray into mainstream finance and investment circles. Rubenstein touched upon the increasing interest institutions have shown in Bitcoin, the global demand for a currency beyond governmental control, and how even major financial institutions are now reconsidering their stance on cryptocurrencies.
Bitcoin (BTC) is approaching a retest of the psychologically important $30,000 amid a fresh wave of optimism about the likelihood of near-term spot bitcoin Exchange Traded Fund (ETF) application approvals, as well as optimism about crypto’s broader adoption.
As Bitcoin maintains its position around the $29,000 threshold, several market dynamics emerge, offering potential trajectories for the world's leading cryptocurrency.
The staunchest Bitcoiners, known in industry terms as long-term holders, now control more Bitcoin (BTC) than ever before, new data from blockchain analytics firm Glassnode has revealed.
Bitcoin has recently held above $29,000, signaling potential positivity, but hasn't reached $30,000 yet. It's been trading between roughly $28,900 and $29,280, reflecting uncertainty.
In the ever-fluctuating world of cryptocurrency, the Bitcoin price currently stands at $29,034, experiencing a minor uptick of less than 0.10% over the last 24 hours.
Bitcoin's price is trading choppy above the $29,000 threshold, and has captured the attention of traders and investors. The current live price of Bitcoin stands at $29,040, with a 24-hour trading volume of $11.3 billion.
Cryptocurrency ownership in Canada declined in 2022 due to a plethora of factors including uncertainty in regulation, fear of digital asset scams, and unfavorable market conditions.