Canyon Crest Guide Newspaper Ads Canyon Crest CA

Although the cryptocurrency industry remains shadowed by recent blowups and controversy, the world’s most important token — bitcoin — is making a comeback. 

The value of bitcoin soared to nearly $42,000 on Monday, marking the first time the digital currency cracked $40,000 in 18 months, price tracker CoinDesk Indices shows. 

The resurgence stands in contrast to the questions that have dogged the sector since last year’s spectacular flameout of crypto exchange FTX, leading to the November conviction of founder Sam Bankman-Fried on seven counts of fraud. Also last month, Binance — the world’s largest cryptocurrency exchange platform — agreed to pay $4.3 billion after admitting that it violated U.S. laws to prevent money laundering and sanctions violations, with CEO Changpeng Zhao pleading guilty to one federal charge.

Newspaper Ads Canyon Crest CACanyon Crest Guide Newspaper Ad

Despite such scandals, bitcoin’s priced has soared 150% this year, although it remains down from a high of roughly $69,000 in late 2021.

What is bitcoin again? 

Bitcoin is the first cryptocurrency and was created in 2009. Cryptocurrencies are digital tokens that use peer-to-peer technology to facilitate instant payments without the need of a third party such as a bank or payment processor, according to bitcoin’s pseudonymous creator, Satoshi Nakamoto. 

Unlike traditional money, cryptocurrencies can be used to purchase goods and services on the internet, in addition to being held as investments (like stocks). However, crypto prices are notoriously volatile, and investing in any kind of crypto can be risky, according to investment firm Charles Schwab. 

There are more than 11,000 cryptocurrencies, but bitcoin is the most valuable (in dollar terms), in addition to having the largest market capitalization of any digital asset, data from crypto price tracker CoinGecko shows. 

Why is bitcoin surging now? 

Several factors are fueling bitcoin’s latest rally. Perhaps the most important are signs that major investment firms are set to get regulatory approval to offer spot bitcoin exchange traded funds — a pooled investment security that can be bought and sold like stocks. Federal regulators are expected to give the green light for several bitcoin ETFs as early as January, which could make investing in crypto more accessible to investors, Yiannis Giokas, a senior product director at Moody’s, told CBS MoneyWatch. 

“As more and more managers venture into the bitcoin spot ETF space, more retail and institutional investors, even the more conservative ones, will feel a higher degree of comfort investing in this space,” he said. 

Bitcoin prices are also benefiting from a growing conviction on Wall Street that the Federal Reserve is done hiking its benchmark interest rate now that inflation is receding and that the central bank could even start loosening monetary policy by mid-2024 to keep the economy on track. 


Binance CEO pleads guilty to federal charges

07:35

When interest rates fall, investors are more likely to pour money into riskier assets such as crypto.

“Lower rates are bullish for bitcoin,” Greg Magadini, director of derivatives at crypto data firm Amberdata, told CBS MoneyWatch.

Giokas thinks 2024 could be a banner year for bitcoin, a proxy for how well the crypto market as a whole is doing. 

Bitcoin “hit $40,000 for the first time in 2021, and every time it was followed by a bull run, so it’s a logical expectation from the markets that another run is on its way,” he said. 

— The Associated Press contributed reporting.


Source link

Reach Out

Don’t hesitate to reach out to us to discuss your specific needs. Our team is ready and eager to provide you with tailored solutions that align with your firm’s goals and enhance your digital marketing efforts. We look forward to helping you grow your law practice online.

Our Services:
Blog Post Writing
We do well-researched, timely, and engaging blog posts that resonate with your clientele, positioning you as a thought leader in your domain.

Content Writing
Beyond articles and content for blogs, we delve into comprehensive content pieces like eBooks, and case studies, tailored to showcase your expertise.
Website Content Writing: First impressions matter. Our content ensures your website reflects the professionalism, dedication, and expertise you bring to the table.

Social Media Management
In today’s interconnected world, your online presence extends to social platforms. We help you navigate this terrain, ensuring your voice is consistently represented and heard.

WordPress Website Maintenance
Your digital office should be as polished and functional as your physical one. We ensure your WordPress site remains updated, secure, and user-friendly.
For more information, ad placements in our attorney blog network, article requests, social media management, or listings on our top 10 attorney sites, reach out to us at canyoncrestguide@gmail.com.

Warm regards,

Canyon Crest Guide Newspaper

California Estate Planning
Canyon Crest Guide Newspaper Ads Canyon Crest CA
Whether you're a startup or an established brand, business directories offer an affordable, yet powerful tool to elevate your brand recognition and reach. Sign up, stand out, and let your business soar to new heights, sign up to one of our directory websites:

Canyon Crest Directory
Riverside Ca Business Directory
The Riverside Coupon Directory
Content Writing Service

Newspaper Ads Canyon Crest CA

Click To See Full Page Ads

Click To See Half Page Ads

Click To See Quarter Page Ads

Click To See Business Card Size Ads

If you have questions before you order, give me a call @ 951-235-3518

or email @ canyoncrestnewspaper@gmail.com

Like us on Facebook Here
Canyon Crest Guide
5225 Canyon Crest Drive Ste.71 #854 Riverside CA 92507
Tony Ramos 951-235-3518
For great backlinks to your website sign up to one of our directory websites:
Canyon Crest Directory
Riverside Ca Business Directory
The Riverside Coupon Directory
Previous articleSan Francisco Chapter of Les Dames d’Escoffier International Announces Two Bay Area Women Receive Mentorship Grants
Next articleSmart steps to take when helping your grandchildren financially
Article Content Writer We write content articles for all businesses. We produce content that can include blog posts,website articles, landing pages, social media posts, and more. Reach out for more information to canyoncrestguide@gmail.com, "Best to You" Tony.

LEAVE A REPLY

Please enter your comment!
Please enter your name here