NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Bitcoin Surpasses Gold, Will It Stay Strong?

Gautham
Gautham
1 year ago
2 mins read
bitcoin price, etf, japan, china

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin price has become the topic of discussion among all leading media outlets. With the cryptocurrency’s price reaching an all-time high of $1281, it has surpassed the price of gold. A troy ounce of gold is currently valued at around $1,233, whereas the “digital gold” registers a value much higher than that.

Bitcoin seems to have broken the jinxed price barrier, by rising beyond the earlier high, experienced right before the collapse of Mt Gox. Leading publications and cryptocurrency analysts have attributed the increase in price to an exceeding demand for Bitcoin in the Chinese market. The Chinese central bank’s recent crackdown on the country’s Bitcoin exchanges has led to a severe disruption in trading activities.

Almost all Chinese Bitcoin exchanges have stopped offering margin trading and lending features, and they also have frozen Bitcoin withdrawals until March 15. It is still unclear about whether they will be sticking to the timeline. While these exchanges take their own sweet time to implement the required KYC and AML systems, the liquidity of Bitcoin in the market has taken a hit.

With a significant portion of the cryptocurrency owned by traders locked up on these exchange platforms, those looking forward to buying the digital currency are forced to pay a premium. Further fueling the price rise is the hopes for the Bitcoin ETF to be cleared by the SEC.

If Winklevoss Twins receive the necessary clearance, then it will pave the way for not just the Gemini platform but also other cryptocurrency and financial platforms to float Bitcoin ETFs. These ETFs will become readily accessible to people, in turn raising demand and the price. Those optimistic about the approval have started to buy into the digital currency with the intention of profiting soon. Even institutional investors are on a buying spree, fueling current demand and hence the price rise.

The ETF issue will see some sort of resolution, positive or negative by March 11, 2017. At the same time, if the Chinese exchanges stick to their declared timeline and enable Bitcoin withdrawals on March 15, 2017, then the pressure may ease on the market. A “NO” signal by SEC on the Bitcoin ETF, combined with some relief to Bitcoin traders in China, will probably lead to a short-term fall in the cryptocurrency price. The fall will recover as soon as the trading resumes normal levels across the market.

Ref: BBC | Bloomberg | Image: NewsBTC
Tweet123Share196ShareSend
Gautham
Gautham

Gautham

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin price preview July news

Bitcoin July Preview: History Says Don’t Trust The Quiet

Market tactician Daan Crypto Trades (@DaanCrypto) has put a statistical spotlight on Bitcoin’s habit of dozing through June before rewarding...

Jake Simmons 2 hours ago
Bitcoin Price Holds Steady

Bitcoin Price Holds Steady — Bullish Monthly Structure Suggests Rally Continuation

Bitcoin price started trading in a range below the $108,800 zone. BTC is now consolidating and might aim for a...

Aayush Jindal 2 hours ago
제미니, 비트코인 대량 보유한 MSTR 주식 토큰화… 다음 유망 알트코인은?

제미니, 비트코인 대량 보유한 MSTR 주식 토큰화… 다음 유망 알트코인은?

가상화폐 거래소 제미니(Gemini)가 유럽 사용자를 대상으로 마이클 세일러(Michael Saylor)의 스트래티지(Strategy, $MSTR) 주식을 토큰화한 상품을 새로 출...

Soyeon Lee 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin Market Enters Caution Zone Amid Rising Sell-Side Pressure, Analyst Says

Ash Tiwari 6 minutes ago

Альткоины усиливают позиции на фоне стабильности Биткоина

lisachaikina 27 minutes ago
Big Money Buys Ethereum as Retail FOMOs Into Bitcoin, What Happens Next?

Big Money Buys Ethereum as Retail FOMOs Into Bitcoin, What Happens Next?

Samuel Edyme 1 hour ago

Premium Sponsors

Press Releases

  • Bitcoin Eyes $112K on Fed Cut Bets and ETF Frenzy

    1 hour ago
  • 仮想通貨プレセール残り24時間で800万ドル目前 次の100倍銘柄となるか?

    ...

    14 hours ago
  • 1ドル以下で注目される仮想通貨おすすめ、Solana系トークンに割安銘柄あり?

    ...

    14 hours ago
  • Най-добрите криптовалути преди...

    14 hours ago
  • リップルとSECの訴訟終了後に注目すべき新しい仮想通貨プロジェクトとは

    ...

    15 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.