After getting pummeled by losses for the better part of last year, bitcoin and other cryptocurrencies are rallying in 2023, prompting speculation that the so-called crypto winter — the digital asset world’s equivalent of a bear market — is over. Bitcoin, the world’s most popular crypto, is up 25% over the past month, hovering above $20,000 for the first time since November, when the implosion of Sam Bankman-Fried’s trading platform FTX sent shock waves through the industry. Ethereum, the No.
“Wall Street is very confident that the end of the Fed’s tightening cycle is upon us and that is providing some underlying support for crypto,” wrote Ed Moya, a senior market analyst at Oanda, on Friday. “Unless we hear some strong hawkish pushback from the Fed or if commodity prices surge, crypto traders should not be surprised if Bitcoin is able to extend its recent gains.” Bitcoin peaked more than a year ago, in November 2021, just shy of $69,000.
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Wow.....NEWS Flash. Do you think that someone is paying a large RANSOM, with a possible request for payment in non-tracable Bitcoin. Was the airline NOTAM system hacked for ransom? Food 4 thought
Seems like people did not learn that they ex hange real money for fake coins ...
Still a scam.
The Gold Rush, 1925
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