Bitcoin Price Prediction: Perspectives from Mike Novogratz, Ordinals Milestone, and SEC's Request to Coinbase
On Monday, Bitcoin price is on the rise, up by nearly 0.50% to reach $29,447.
In this update, we will delve into the perspectives shared by renowned figures like Mike Novogratz of Galaxy Digital and significant milestones achieved by the cryptocurrency market, such as the Ordinals Pass crossing the 20-million mark.
Additionally, we will explore the impact of the SEC's recent request to Coinbase, which has garnered attention within the crypto community.
Bitcoin's value is on the rise today due to significant developments in the crypto ecosystem. BlackRock CEO Larry Fink's recent endorsement of Bitcoin as an "international asset" and his recommendation to investors to switch from Gold to Bitcoin as a hedge against inflation has boosted confidence in the cryptocurrency.
Fink's transformation from a skeptic to a believer has had a positive impact on Bitcoin's value, given his influential position in the financial world and BlackRock's massive assets under management.
Galaxy Digital CEO Mike Novogratz has acknowledged this development, which further solidifies Bitcoin's bullish sentiment. As a result, BTC/USD is currently experiencing upward momentum.
Although there have been recent declines in Bitcoin-based NFT sales, the underlying factors surrounding BTC indicate positivity.
The achievement of crossing 20 million ordinal inscriptions on the Bitcoin blockchain serves as evidence of the continued progress and advancement of the technology.
The sales of Bitcoin's NFTs have been facing challenges, but other blockchains have seen a rise in NFT sales, contributing to an overall increase in seven-day sales figures. This shows how unpredictable the crypto market can be.
The number of sales has surged to 20 million within just six
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