Bitcoin Price Prediction as BTC Jumps Up 10% in 7 Days – New Bull Market Starting?
Bitcoin has surged 10% in the past seven days, which has spurred speculation that a new bull market is beginning. While predicting the price of Bitcoin can be difficult, there are several factors to consider regarding its future prospects.
With increased adoption around the world and a commitment to innovation, Bitcoin could be on track for another bull run in the near future.
After over 2 months of hovering in the “fear” zone, the Bitcoin Fear and Greed index has now shifted to the “greed” zone once again. This indicates that investors are feeling more optimistic about the cryptocurrency market.
Bitcoin has had an impressive run this year, with its price up nearly 40%. This is a great improvement on last year's two-year low of under $16,000 and indicates a positive outlook on the original cryptocurrency.
A class-action lawsuit has been filed against Argo Blockchain, a Bitcoin mining company, by its investors. The lawsuit claims that the firm had misled them through false claims prior to its Initial Public Offering (IPO).
In September 2021, a London-based company issued 7.5 million shares to the public at a rate of $15 each, and raised $112.5 million in total.
The complaint claimed that record materials related to the IPO had included false facts and had not complied with relevant laws and regulations.
According to the lawsuit, Argo allegedly minimized the risks linked to its financial position, electric supply, and network issues. Furthermore, it is also accused of exaggerating its financial standings and business outlooks.
According to a filing, the company's Bitcoin production decreased by 25% from April to May of 2022 due to a rise in network difficulty, higher electricity costs, and disrupting mining activities at its
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