Will Bitcoin Peak To $36,000 Before The Week Close? Here's What Might Lead To It
Portfolio Pulse from Khyathi Dalal
Bitcoin (BTC) prices are being pushed higher by macro-economic factors and softer market data. Portfolio manager at Criptonite Asset Management, Mathieu Ziaei, suggests that the strong conviction of Bitcoin owners could lead to further price increases. BTC prices have seen a surge of 2.5%, trading close to $35,918.10. BTC Miners collected $18.5 million in Bitcoin over the weekend and hold 10% of the total Bitcoin circulation supply. Aggregate Order Books data shows a dominant buying momentum across the market.
November 07, 2023 | 10:22 pm
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Bitcoin prices are being pushed higher by macro-economic factors and strong conviction of Bitcoin owners. BTC prices have seen a surge of 2.5%, trading close to $35,918.10. BTC Miners collected $18.5 million in Bitcoin over the weekend and hold 10% of the total Bitcoin circulation supply.
The article suggests that Bitcoin prices are being pushed higher due to macro-economic factors and the strong conviction of Bitcoin owners. This, coupled with the fact that BTC Miners collected $18.5 million in Bitcoin over the weekend and hold 10% of the total Bitcoin circulation supply, suggests a positive short-term impact on Bitcoin prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100