Bitcoin Hits New Record High at $69,000 Before Pulling Back: What’s Next for Cryptocurrency?

by time news

2024-03-05 21:00:00

Bitcoin managed to briefly surpass the previous record of $69,000 per coin, but quickly turned around and moved to trading in lower rates. Just this morning we wrote about how the approval of the basket funds did bring the expected demand that helped push the currency up, and at the same time the expected crossing event will reduce the new supply.

The amazing surge of SUPER MICRO COMPUTER INC stock +1.53% Close:0 Open:1,035 High:1,097.5 Low:976.1 Turnover:– Page Quote News Graphs Company profile Recommendations Additional articles on the subject: : The stock of the company specializing in the production of servers for a variety of uses Among them, AI for companies and organizations has already jumped by 264% since the beginning of the year and by 969% in the last year as a whole thanks to the artificial intelligence craze.

The Chinese government has set an ambitious goal: growth of about 5% in 2024. The ambitious goal is much higher than economists’ forecasts, and above the growth in recent quarters; The government will have to take aggressive measures to stimulate the economy in order to meet the target, but even so it is difficult to see how it will be able to reach the high level it has set for itself.

The collapse of the EV dream may be indicative of the entire green energy field. The customers voted with their feet and made it clear that they did not want electric vehicles – the car companies are abandoning their ventures and in the end only Tesla and the Chinese companies that receive subsidies from the government will remain; At the same time, the big corporations are leaving the green arts and the issue does not even grab headlines in the US election campaign.

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