Bitcoin price update

Studies have shown that one of the greatest influences on bitcoin’s price is the media. When media coverage is up, existing investors feel more confident and stay in the market, buying more. New investors are also often attracted through media coverage, which further boosts demand for bitcoin. The network effect also comes into play, as articles are shared, and bitcoin is discussed between friends and family. Gnosis GNO We already had Bitcoin, so why did we need Ethereum? Early crypto networks like Bitcoin and Litecoin offer peer-to-peer transactions without a bank in the middle. They were (and still are) effective as digital ledgers and payment rails. What they didn’t do was run programs. At least not well. The problem: they just don’t support enough programming commands.

02:38 Bitcoin price surges above $42,000 as rate cut bets fuel cross-asset rally Contracts settled in cryptocurrency