Bitcoin Price Prediction as Pumps Up 7% in 7 Days – Where is BTC Heading Next?
In the past week, Bitcoin's price has experienced an impressive 7% increase, raising questions about the cryptocurrency's future trajectory. As investors and market analysts eagerly assess the factors driving this surge, many are left wondering where Bitcoin is heading next and what potential obstacles it may face along the way.
Ordinals, a new non-fungible token (NFT) gaining rapid popularity on the Bitcoin network, are drawing attention from institutional investors. On April 27, Grayscale Bitcoin Trust (GBTC), the leading institutional cryptocurrency fund, published an article discussing the benefits of ordinals for the Bitcoin network.
The article suggests that ordinals could increase Bitcoin miner fees and spark a cultural shift within the Bitcoin ecosystem.
Grayscale contends that ordinals have emerged as a result of utilizing the existing Bitcoin network and subsequent crypto developments. The rise of ordinals may foster a community and culture supportive of the Bitcoin network and its ongoing development.
According to the report, ordinals could attract new users who may not have previously considered adopting Bitcoin. This increased interest could potentially benefit BTC/USD.
Binance is set to re-enter the Japanese market after acquiring the licensed crypto trading platform Sakura Trading Bitcoin (SEBC). By May 31, SEBC will cease providing its current cryptocurrency exchange and brokerage services. After June 2023, SEBC is expected to relaunch as Binance Japan.
The leading cryptocurrency exchange has faced regulatory compliance issues in several countries, but has managed to improve its relationship with regulators.
Moreover, Japan was among the first countries to establish regulations for cryptocurrencies. The nation
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