Crypto News

Bitcoin Price Prediction: Perspectives from Mike Novogratz, Ordinals Milestone, and SEC’s Request to Coinbase

The price of Bitcoin increased by around 0.50% on Monday to reach $29,447.
We will examine the viewpoints offered by well-known individuals like Mike Novogratz of Galaxy Digital in this update, as well as key commercial milestones like the Ordinals Pass reaching 20 million users.
We’ll also look at the effects of the latest Coinbase request from the SEC, which has drawn interest from the cryptocurrency community.

Mike Novogratz Praises BlackRock CEO Larry Fink’s Impact on Bitcoin in 2023

Today’s tremendous advancements in the crypto ecosystem are to blame for the increase in the value of Bitcoin. The recent endorsement of Bitcoin by BlackRock CEO Larry Fink as a “international asset” and his advice to investors to convert from Gold to Bitcoin as a hedge against inflation have increased trust in the cryptocurrency.

Given his prominent position in the financial industry and BlackRock’s sizable assets under control, Fink’s conversion from skeptic to believer has positively impacted the value of Bitcoin.
This development has been noted by Galaxy Digital CEO Mike Novogratz, which reinforces the optimistic outlook for Bitcoin. BTC/USD is thus moving upward at the moment.

Bitcoin-Based NFT Sales Drop Despite Ordinals Passing 20-Million-Milestone

Despite recent reductions in Bitcoin-based NFT sales, the underlying dynamics of BTC are still favorable.
The fact that the number of ordinal inscriptions on the Bitcoin blockchain has surpassed 20 million shows how far the technology has come.
NFT sales on other blockchains have increased, helping to boost seven-day sales overall. While NFT sales on Bitcoin have been struggling, other blockchains have experienced an increase in NFT sales. This demonstrates how erratic the cryptocurrency market can be.
Since the mainnet debut of the ordinal protocol six months ago, the number of sales has increased to 20 million, demonstrating its popularity among traders and giving BTC a boost.

SEC Requests Coinbase to Halt Trading in All Cryptocurrencies Accept Bitcoin

The SEC asked Coinbase to halt trading all cryptocurrencies except for bitcoin before launching legal action against the exchange, it was recently discovered.
The popularity of Bitcoin has increased as a result.
This development emphasizes Bitcoin’s separate position in the market and strengthens its standing as a distinct asset.
Investor confidence has increased as a result of this transparency, especially in light of the regulatory uncertainties that other cryptocurrencies are experiencing.
Because of this, the BTC/USD pairing is up today.

Bitcoin Price Prediction 

The SEC asked Coinbase to halt trading all cryptocurrencies except for bitcoin before launching legal action against the exchange, it was recently discovered.
The popularity of Bitcoin has increased as a result.
This development emphasizes Bitcoin’s separate position in the market and strengthens its standing as a distinct asset.
Investor confidence has increased as a result of this transparency, especially in light of the regulatory uncertainties that other cryptocurrencies are experiencing.
Because of this, the BTC/USD pairing is up today.

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