Bitcoin Price Prediction: BTC Rises 6% Amid Israel Crisis, Taproot & Tesla AI
As global events and tech advancements shape the crypto world, Bitcoin price stands resilient. Trading at $28,247 with a 0.84% decline on Thursday, its price rose 6% amidst US calls for action against Hamas' crypto use following Israel's strike.
Additionally, Bitcoin's ecosystem is enriched by the inclusion of stablecoins through Lightning Labs' Taproot Assets alpha. Even as Tesla dives deep into AI, Bitcoin's value in their earnings remains steadfast.
A bipartisan group of 105 US politicians, including Senators Elizabeth Warren, Roger Marshall, and Representative Sean Casten, have called on the Biden administration for swift action against Hamas and its affiliates' use of cryptocurrency.
This call to action follows a deadly incident in Israel perpetrated by a militant Palestinian faction. The legislators expressed "grave concern" over how groups like the Palestinian Islamic Jihad and Hamas utilize digital assets to fund their activities, thereby circumventing US sanctions.
In retaliation, the Biden administration rolled out sanctions designed to disrupt Hamas's financial infrastructure.
These sanctions targeted a cryptocurrency exchange based in Gaza, a financial conduit linked to Iran, and a secretive Hamas investment scheme.
Additionally, Israeli authorities have frozen cryptocurrency accounts that funded Hamas. As governmental interventions into the illicit use of cryptocurrencies can lead to heightened scrutiny and potential market fluctuations, such developments might impact the price trajectory of Bitcoin (BTC).
Lightning Labs, a leading company in Bitcoin layer-2 infrastructure, has unveiled the mainnet alpha version of Taproot Assets.
This system is designed to simplify the issuance of stablecoins and real-world
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