CryptoNow
  • Home
  • Market
  • Technology
  • Business
  • Blockchain
  • Regulation
  • Reviews
No Result
View All Result
CryptoNow
  • Home
  • Market
  • Technology
  • Business
  • Blockchain
  • Regulation
  • Reviews
No Result
View All Result
CryptoNow
No Result
View All Result

Bitcoin passes $31K, poised for best week since March

June 27, 2023
in Coins, Market
A A
/ freepik

/ freepik

Dalintis FacebookDalintisShare on Twitter

Bitcoin extended its recent rally Friday, surpassing $31,000 and setting the token up for its best week since mid-March.

Bitcoin (BTC) soared to $31,230 Friday afternoon in New York. The largest crypto is now up around 20% since June 18, good for its best performing week since March 13, when the asset rallied around 26% on the heels of stablecoin USDC’s depegging.

Bitcoin has now marked its highest four-hour candle close in over a year.

Friday’s spike comes after Federal Reserve Chair Jerome Powell testified before Congress on the state of monetary policy. The central bank head told lawmakers the inflation fight “has a long way to go,” adding that rate hikes are likely not through — despite an agreed-upon pause earlier this month.

The rally comes as investors continue to bet on increased institutional adoption and the potential for a bitcoin spot ETF approval in the coming months. BlackRock, Bitwise and WisdomTree have submitted applications in recent weeks.

“The Great Accumulation of bitcoin has begun,” Cameron Winklevoss, co-founder of exchange Gemini, said in a tweet this week. “Anyone watching the flurry of ETF filings understands the window to purchase pre-IPO bitcoin before ETFs go live and open the floodgates is closing fast.”

Ether (ETH) similarly extended gains on Friday, moving 3% and approaching the $2,000 level. Equities, meanwhile, were in the red at time of publication, The S&P 500 and Nasdaq Composite indexes lost 0.5% and 0.7%, respectively.

Tags: Bitcoin

Related

7 Best Cryptocurrency mining servers

May 30, 2025

Cryptocurrency is a digital or virtual currency that uses cryptography for security. Unlike traditional currencies (like USD or EUR) issued...

Class-Action Lawsuit Accuses Coinbase of Hiding Major Risks

May 26, 2025

Coinbase is facing a proposed class-action lawsuit filed by investor Brady Nessler on May 22 in a Pennsylvania federal court....

UK Revises Crypto Rules, Requires Transaction Data Collection

May 23, 2025

The UK government is strengthening compliance requirements for crypto firms by expanding regulatory oversight. In newly issued guidelines aimed at...

Pi Network Under Fire

May 22, 2025

Pi Network Token Plunges Amid Transparency Concerns The Pi Network, a cryptocurrency project that has garnered millions of users through...

Circle Unveils Real-Time Stablecoin Payment Network

May 21, 2025

Circle Unveils Real-Time Stablecoin Payment Network Circle has officially launched the mainnet for its Circle Payments Network (CPN), a blockchain-powered...

News

Reviews

What is Cryptocurrency? A straightforward explanation

May 11, 2025
Blockchain

Looking to invest in Cryptocurrency? Here is a Step-by-Step Approach

May 24, 2025
AI

What is llms.txt?

May 27, 2025
Mining

Kuwait intensifies crackdown on illegal crypto mining, interrogating 116 individuals

May 11, 2025
Asset 1CryptoNow
Categories
  • AI
  • Blockchain
  • Business
  • Coins
  • Finance
  • Interesting
  • Market
  • Mining
  • News
  • Regulation
  • Reviews
  • Technology
Tags
AI Altcoin Android Avalanche Binance Binance Coin Bitcoin blockchain BNB BTC Chainlink ChatGPT Coinbase Coindesk CoinGecko crypto Cryptocurrency Crypto exchange DOGE Dogecoin ETF ETH Ethereum Halving Hash rate Meta Mining Mobile news OpenAI pi coin pi network reviews RIOT Ripple Samsung SHIB Shiba SOL Solana technology Telegram TON USA XRP
  • Newsletter
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Market
  • Coins
  • News
  • Mining
  • Technology
  • Blockchain

CryptoNow.