$BTC
Bitcoin Price Analysis As Wall Street Rush to Buy Its Mining Stocks and New Energy Prospects Emerge, Will BTC Attract Institutional Investment?
Bitcoin (BTC) continued its upward trend, crossing the $67,000 mark in early Asian trading, while the crypto market cap rose 2% in 24 hours to $2.28 trillion.
This rise is attributed to several reasons, including increased institutional interest in Bitcoin mining stocks due to new energy regulations for data centers, in addition to the increased demand for energy sources dedicated to mining, and this growing interest in BTC mining activities may contribute to its price rising even more.
All eyes are also on the Donald Trump-backed DeFi project after it reached 100,000 users, while current Vice President Kamala Harris’ pledges to enact regulations for the crypto sector have boosted investor confidence, adding positive value to Bitcoin’s future prospects.
Positive for Bitcoin mining, which requires large amounts of energy to keep blockchain networks running.