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

Shiba Inu Eliminates 1.31 Billion SHIB Tokens from Circulation

June 29, 2025

Shiba Inu has reached a significant milestone as its community-led burn initiative hits a cumulative total of 1.31 billion SHIB...

PENGU Eyes Another 70% Surge as Whale Accumulation and ETF Buzz Fuel Momentum

June 28, 2025

Pudgy Penguins (PENGU), the meme coin inspired by the popular NFT collection, has seen a dramatic price surge in the...

Pepe Coin Poised for 70% Rally as Large-Scale Investors Ramp Up Accumulation

June 26, 2025

Pepe Coin has faced renewed selling pressure as its price declined for the second consecutive day, reflecting waning momentum across...

XRP Price Swings: Will Geopolitical Turmoil Trigger a Surge or Slump?

June 25, 2025

The price of XRP is currently navigating a storm of geopolitical uncertainty, with its value swinging dramatically in response to...

What are Memecoins? The Wild West of Crypto

June 22, 2025

As a cryptocurrency expert, let me break down the world of memecoins for you. These digital currencies are born from...

News

Blockchain

7 Best Cryptocurrency mining servers

May 30, 2025
Interesting

Gemini Powers Bitcoin Mining with Tesla Cybertruck

June 1, 2025
Mining

The 7 Best VPNs for Secure & Efficient Crypto Mining

June 8, 2025
Mining

BAY Miner Rolls Out Mobile App to Democratize Crypto Mining

June 12, 2025
Asset 1CryptoNow
Categories
  • AI
  • Blockchain
  • Business
  • Coins
  • Finance
  • Interesting
  • Market
  • Mining
  • News
  • Regulation
  • Reviews
  • Technology
Tags
AI AI Browser Altcoin Android Apple Binance Binance Coin Bitcoin blockchain BTC Chainlink ChatGPT Circle Coinbase Coindesk crypto Cryptocurrency Crypto exchange DOGE Dogecoin ETF ETH Ethereum Google Halving Memecoin Meta Mining Mobile OpenAI Pepecoin pi coin pi network reviews RIOT Ripple Samsung SHIB Shiba Shiba Inu Solana Stablecoin technology TON XRP
  • Newsletter
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Market
  • Coins
  • News
  • Mining
  • Technology
  • Blockchain

CryptoNow.