{"id":2074053,"date":"2023-10-20T11:24:02","date_gmt":"2023-10-20T15:24:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bitcoin-hits-two-month-high-above-30000-in-volatile-week\/"},"modified":"2023-10-20T11:26:33","modified_gmt":"2023-10-20T15:26:33","slug":"bitcoin-hits-two-month-high-above-30000-in-volatile-week","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bitcoin-hits-two-month-high-above-30000-in-volatile-week\/","title":{"rendered":"Bitcoin surges above $30,000, reaching a two-month high in a volatile week."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbitcoin-hits-two-month-high-above-30000-in-volatile-week%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2074053&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<p><strong>Breaking News:<\/strong> Bitcoin Surges Above\u2063 $30,000, \u200dMarking a 10% Weekly Gain<\/p>\n<p><strong>LONDON (Reuters)<\/strong> \u2013 In a stunning development, Bitcoin has\u2064 skyrocketed\u2063 above $30,000 for \u200dthe first time since July, with gains\u2063 for the week surpassing 10%. This surge comes amidst a backdrop of volatile trading in the world of cryptocurrencies.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-3\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-3'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Bitcoin, the largest cryptocurrency by circulation, has surged to a high\u2064 of $30,022, its highest level since July 23. It is currently up 4% for the day.<\/p>\n<p>According to Joseph Edwards, head of research\u2063 at London crypto firm Enigma Securities, there is\u200b no immediate news catalyst for\u2064 this surge \u200bin Bitcoin. The cryptocurrency is well-known for its volatility \u200band the opaqueness of its markets.<\/p>\n<p>The broader financial markets have also been on\u2062 edge recently. Investor sentiment has \u200cbeen shaken by the\u2064 war in the Middle East,\u200d a rise in benchmark U.S. 10-year yields towards 5%, and concerns about the possibility of higher interest rates for an extended period of \u2064time.<\/p>\n<p>This week, Bitcoin markets have been particularly jittery as <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bitcoin-hits-two-month-high-above-30000-in-volatile-week\/\" title=\"Bitcoin surges above ,000, reaching a two-month high in a volatile week.\">investors eagerly await news<\/a>\u2062 regarding the fate of applications with the U.S. Securities and Exchange\u200b Commission (SEC) for a spot Bitcoin exchange-traded fund\u200d (ETF) by <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-york-businesses-now-fleeing-to-florida\/\" title=\"New York Businesses Now Fleeing To Florida\">major financial firms<\/a>, including \u2062BlackRock.<\/p>\n<p>Crypto investors believe that\u200d the approval of such\u2062 applications could bring a new wave\u2063 of capital into the asset \u2064class.<\/p>\n<p>\u201cCrypto assets are defying the sell-off seen in stocks and bonds, as investors focus on upcoming catalysts, such as a potential \u200cSEC approval of a \u2063spot ETF,\u201d remarked eToro strategist Ben Laidler.<\/p>\n<p>Earlier this\u2062 week, Bitcoin experienced a sudden surge before giving up\u2064 most of its gains \u2062after asset manager BlackRock denied a media report claiming that its high-profile ETF application had been approved.<\/p>\n<p>Reporting by Tom Wilson and Elizabeth Howcroft; Editing by Amanda Cooper<\/p>\n<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-4\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-4'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<p class=\"dpsp-share-text\" style=\"margin-bottom:10px\"> \t\t \t\tShare this post!\t<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Sidney Powell pleads guilty in\u2064 the Georgia Election Case, the U.S. Navy shoots down a missile from Yemen\u2019s Houthi Rebels\u2063 and the Jim Jordan for Speaker push continues.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>This week, the world witnessed\u200d a remarkable operation as nearly 300 trapped American citizens were safely\u200b flown out \u200dof\u200c Israel to Florida amid the Israel-Hamas war. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Radical leftist Hamas supporters gather at \u2063the Capitol led by\u2062 Representatives Rashida Tlaib and Cori Bush. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>As Iranian-backed Hamas launches attacks on Israel, many believe these actions have the fingerprints of another ally, China. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Bitcoin jumped on Friday above \u2063$30,000 for first time since July, taking gains for the week past 10%.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Meta and TikTok have been given a week to provide details on measures taken to counter the spread of terrorist, violent content and hate speech on their platforms.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Netflix\u200c increased subscription\u2064 prices for some streaming plans as it shattered expectations for new customers.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>While stripping China\u2019s access to key U.S. \u200c<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/exclusive-biden-to-hit-china-with-broader-curbs-on-u-s-chip-and-tool-exports-sources\/\" title=\"Exclusive-Biden to hit China with broader curbs on U.S. chip and tool exports -sources\">artificial intelligence chips<\/a>, the Biden\u2063 administration\u2019s sweeping new rules also quietly\u2064 threw Nvidia, Intel and AMD a potential lifeline.<\/p>\n<\/p><\/div>\n<p> rnrn  <\/p>\n<h2> What are the potential impacts of regulatory\u200b approvals and geopolitical events \u200bon the future of\u200b Bitcoin and\u2062 other digital assets<\/h2>\n<p><span>  Bitcoin Surges\u2062 Above $30,000, Marking\u200d a 10% \u200cWeekly Gain<\/p>\n<p>LONDON (Reuters)\u200b \u2013 In a stunning development, \u200bBitcoin has skyrocketed above $30,000 for the first time since July, with\u200d gains for the week surpassing 10%. This surge comes amidst a backdrop of \u200dvolatile trading\u200d in\u2064 the world of cryptocurrencies.<\/p>\n<p>Bitcoin, the largest cryptocurrency by circulation, has surged\u200b to a\u200c high of $30,022, its highest level since\u2064 July 23. It is currently up 4% for the\u2064 day.<\/p>\n<p>According \u200cto Joseph Edwards, \u2063head of\u2064 research \u2063at London crypto firm Enigma Securities, there is no immediate\u200c news catalyst for this surge in Bitcoin.\u200d The cryptocurrency \u2063is well-known for\u200b its volatility and the opaqueness of its\u200b markets.<\/p>\n<p>The\u2062 broader financial markets \u2063have also been on edge recently. Investor sentiment \u2064has been shaken by the war in \u2062the Middle\u200d East, a \u2063rise in benchmark U.S. 10-year yields towards \u200c5%, and\u2062 concerns about\u200c the possibility of higher interest\u2064 rates for\u200b an extended period of time.<\/p>\n<p>This week, Bitcoin markets have been particularly jittery as investors \u2064eagerly await news regarding the fate of applications with the U.S.\u200d Securities and Exchange Commission (SEC) for\u200b a spot Bitcoin exchange-traded fund (ETF) \u2062by major financial firms, including BlackRock.<\/p>\n<p>Crypto investors believe that the approval of \u200csuch\u200c applications could\u2063 bring a \u2063new wave of capital into the\u200b asset class.<\/p>\n<p>&#8220;Crypto \u200bassets are defying the sell-off seen\u200b in stocks and bonds, as investors focus\u200b on upcoming catalysts, such as a potential SEC approval of a\u2064 spot ETF,&#8221; remarked\u200b eToro \u200dstrategist Ben Laidler.<\/p>\n<p>Earlier this week, Bitcoin experienced a sudden surge before giving up most\u2063 of its\u2062 gains after asset manager BlackRock denied a media report claiming that its high-profile ETF \u200capplication had\u2063 been approved.<\/p>\n<p>Overall, the recent surge in Bitcoin highlights the continued interest and volatility in \u200cthe world of cryptocurrencies. Investors \u200care \u2064closely \u2064watching developments in the\u200c market, particularly news relating to regulatory approvals and geopolitical events that could impact digital assets.<\/p>\n<p>While Bitcoin \u2062has\u2063 proven to \u200dbe a\u2063 lucrative investment for\u2062 some, it is important\u2063 to remember the risks associated with such investments. The crypto market, including Bitcoin, can be highly volatile\u200d and \u200dunpredictable. Investors should exercise caution \u200dand do\u2064 their \u200bdue diligence before diving into this ever-evolving market.<\/p>\n<p>In conclusion, Bitcoin&#8217;s surge above $30,000 represents a\u200c significant milestone for the cryptocurrency. Its\u200d continued \u2063volatility and the\u2062 potential impact of external factors underscore the importance of staying informed and vigilant in this rapidly changing landscape.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>12:14 PM UTC \u2013 October 20, 2023 LONDON (Reuters) \u2013 Bitcoin surged above $30,000 for the first time since July, with weekly gains surpassing 10%, amidst turbulent cryptocurrency trading. The leading cryptocurrency, Bitcoin, reached a peak of $30,022, its highest level since July 23.<\/p>\n","protected":false},"author":1911,"featured_media":2074054,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2074053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2074053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1911"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2074053"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2074053\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2074054"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2074053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2074053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2074053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}