1. Powell commented cryptocurrencies as "a speculative asset" which leaded to an adjustment in Bitcoin price but a rising trend in Gold
So what is the reasons Why bitcoin price increasing now? does these News reverse in happening?
and besides Biden is just Considering and not yet happening ..
The reason for the increase may be the news from PayPal for the adoption of bitcoin and other altcoins in there platform. Market could be reacting on that because you can expect activities on the platform.
Bitcoin adopters and enthusiasts are no longer listening to speech like that of Powell about bitcoin being a speculative asset. That was the past fud and business gurus like Warren Buffet have since let go the fud.