The reasons for the increase in the price of
Arthur Hayes explained the reasons for the increase in the price of Bitcoin. Arthur Hayes Contrary to the opinion of the crypto community, the recent increase in the price of Bitcoin has nothing to do with the approval of the Bitcoin ETF. He continued, the price of bitcoin reached the price range of 27 thousand dollars during the rumor that was created last week that bitcoin spot funds were approved. The founder of BitMEX says that the crypto community is wrong about the increase in the price of Bitcoin! The excitement created by the approval of the Bitcoin ETF increased the price of Bitcoin and Ethereum, and the price of Bitcoin went up to $27,000. This analyst explains the reasons for the increase in the price of Bitcoin along with gold in the background of the aggressive selling of US Treasury bonds, and the worries caused by the war have fueled the increase in the price of Bitcoin and gold.
In this news, you need to know that there is no decisive reason for the decrease or increase in the price of Bitcoin. Cryptocurrencies have fluctuated a lot since their inception. Factors such as the difficulty of Bitcoin mining, halving, acceptance and legislation on digital currencies, disputes such as war in the world can affect digital currencies and their prices.
Do you agree with the analysis and factors of Bitcoin price increase according to Arthur Hayes analysis? Post the reasons for the increase in the price of Bitcoin in the comments section.
