Bitcoin Price Prediction: BTC Surges by Over 11%: Are We Heading Towards the $30,000 Mark?
Bitcoin is grabbing attention once again, as it has witnessed a remarkable surge of over 11% in the past week.
Adding fuel to the fire, the launch of EDX, a new digital exchange, coupled with increasing institutional interest in cryptocurrencies, is creating a favorable environment for Bitcoin's growth.
Amid this fervor, prominent investor Cathie Wood has shared her optimistic views. Wood believes that Bitcoin can reach an astonishing $1 million.
Additionally, she expresses confidence in Coinbase, a leading cryptocurrency exchange, further highlighting the industry's positive sentiment.
With all these factors in play and such a remarkable price movement, the question arises: Are we on the path to reaching the significant milestone of $30,000? Let's find out!
On Tuesday, EDX Markets announced the successful launch of its digital asset market and the completion of an investment round with new equity partners.
The exchange now allows trading of popular cryptocurrencies such as bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin cash (BCH).
Notable investors in EDX include Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital, and Virtu Financial.
Plans for cryptocurrency trading platforms by Schwab, Citadel, and Fidelity were initially disclosed in June last year.
Other major players share EDX Markets' positive outlook on the US crypto market.
Institutions are recognizing the potential of digital assets, further solidifying Bitcoin's position as a valuable investment.
After the Securities and Exchange Commission (SEC) sued Binance, a major competitor of Coinbase, Cathie Wood, the CEO and chief investment officer of ARK Invest, shared her bullish outlook on Coinbase (COIN) in an interview
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