Bitcoin trend

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Recent enforcement actions “have instilled confidence among investors,” said Su Yen Chia, co-founder of the Asia Crypto Alliance. Bitcoin “is aping momentum in traditional finance with Fed rate-hike expectations fading,” she added. About this article Bitcoin’s uptrend began either in December 2019 or on Black Thursday, depending on how you look at it. The black swan event was an anomaly, and the crypto asset kept climbing directly thereafter.

Feedback Loop: As option sellers buy more Bitcoin, the price of Bitcoin goes up even more. This, in turn, increases the delta and gamma of the options, requiring the sellers to buy even more Bitcoin. This creates a feedback loop, driving the price of Bitcoin higher and higher in a short period of time. Why have crypto prices gone up? Until Bitcoin crosses the promised land that lies yonder between those two stacks of high society, it’s still anybody’s game, and savvy investors know this. As a result, when the price dips sharply, nerves get frayed and sell buttons get pushed. While many Bitcoin holders may propagate the unstoppable rise of the currency and predict near-future highs totaling hundreds of thousands of dollars, in private they might not be quite so optimistic. As the saying goes, buy the rumor, sell the news.

Upon looking at this chart, one thing that immediately becomes apparent is that Bitcoin’s price cycles keep on shortening. Additionally, despite the coin regularly losing value, the average value of Bitcoin keeps increasing. This shows a positive trend for the future. Bitcoin Price Chart, 2010-2023 A bitcoin ETF is an investment fund made up of bitcoin or bitcoin-related companies. Right now, bitcoin ETFs only consist of futures contracts, instead of the cryptocurrency itself. Investing companies Fidelity and BlackRock are both waiting for approval for their spot bitcoin ETFs, which would be the first ETFs to contain bitcoin itself. Bitcoin halving, meanwhile, is a process in which the rate at which coins are released is cut in half; it happens every four years, and the next halving is expected in spring of 2024.