Cryptocurrency is on the rise! What are the factors behind it

The consecutive hot days
continue, don't they?
Please take sufficient
care to prevent heatstroke.
The current cryptocurrency market
has rebounded strongly.
Bitcoin has risen from 700,000 to
suddenly 800,000,
breaking through,heading toward 850,000.
It is climbing.
https://bitcoin-newstart.com/bitcoin-news0719
The main reasons
being cited are
- expectations for ETFs
- BlackRock forming a cryptocurrency group
- Mastercard filing a patent for cryptocurrency payments
these three factors.
Regarding ETFs, this time
it is an application from the global futures exchange
CBOE, so the expectations are higher than ever
and growing.
As for BlackRock,
it is said to be one of the world's largest
funds, and they formed a cryptocurrency group.
From my personal view, if such a major
fund were to officially announce entry into cryptocurrencies,
the price of cryptocurrencies
would rise, so there is a sense of caution in that area.
In short, everyone wants to hold at a low price.
Also, the credit card giant
Mastercard has
applied for a patent to fast-process cryptocurrency payments
.
Taking all of the above into account
the regulatory framework is gradually advancing,
and investments and technical aspects are further
developing.
I previously mentioned in a newsletter
about WWB
cryptocurrency that I added to my holdings
and so, I have summarized that as well in the article.
https://bitcoin-newstart.com/bitcoin-news0719