Bitcoin is pricing at $30,144.77 on Coinmarketcap as of now I am writing this post. Bitcoin has seen more than 6% increase in its price for today.
Bitcoin has broke the level of $30k since June 10, 2022 for the first time. Bitcoin is said to be the best performing asset of 2023.
1 Day Price Graph for Bitcoin on Coinmarketcap
What Could be the Possibilities?
The point is, what could be the possibilities that is helping bitcoin showing a price increase?
- The shift of narrative happening because of the banking crisis that is feeding into bitcoin's momentum and bitcoin is seen as a reliable store of value?
- De-Dollarization?
- A reliable refuge amidst heightened geopolitical instability?
- Or other possiblities
Note: This is not an investment advice.
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