Today, Bitcoin surged past a significant milestone, leaving investors and market watchers excited. Richard Mico, the U.S. CEO and chief legal officer of Banxa, attributes this growth to expectations of a slowdown in economic growth and a subsequent loosening of monetary policy by the Federal Reserve throughout 2023. The cryptocurrency market as a whole is experiencing a positive trend, with all non-stablecoin cryptocurrencies in the top 20 currently in the green. Ethereum, XRP, Cardano, and Solana have experienced gains of 3.22%, 2.46%, 3.85%, and 6.86%, respectively. Coinbase Co-Founder and CEO tweeted that his firm plans to integrate Bitcoin’s Lightning Network. Industry veteran Samson Mow commented on the resilience of Bitcoin, tweeting, “They threw everything they had at #Bitcoin and then we just went right back to $30k. Can’t stop the inevitable.” (cryptoglobe)
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