Why bitcoin is going up

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With Bitcoin, each halving increases Power of the Dollar. Currently, there are Why is and where listings appear.

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Why bitcoin is going up	Yuya Hasegawa, crypto market analyst at Japanese crypto exchange Bitbank, said in a Jan. The stimulus spending has led many to fear far greater inflation rates, and rightfully so. In the eyes of Wall Street, a shaky financial system lowered the odds even further that the Fed could continue raising rates, as had been the prevailing expectation as recently as the start of last week, before Silicon Valley Bank blew up. Related Articles. Bitcoin has been caught up in the market drama around lending rates, as it is increasingly viewed by investors as a risky asset.

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Bitcoin traded above $47, early Friday, up 6% over the last 24 hours, and touching its highest levels since January Bitcoin had spiked to $49, In May , Bitcoin is expected to undergo its fourth halving�an event that takes place every four years and reduces the number of Bitcoins. Several factors are fueling bitcoin's latest rally. Perhaps the most important are signs that major investment firms are set to get regulatory.