Crypto influencer and analyst BitBoy Crypto believes that Bitcoin's price could double if the $5 trillion on the sidelines of the market is invested in the crypto space. He states that even if only 20% of the cash flows into cryptocurrencies, it would lead to a significant price increase in Bitcoin and other digital assets.

As more investors pour money into cryptocurrencies, it would invite even more money, creating a pump and ultimately causing the price to go up. If Bitcoin's price begins to go up, it would encourage more people to invest in the asset, creating a bullish trend.

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Bitcoin (BTC) has maintained its upward trend, trading at around $28,000 on Friday. With the traditional banking system undergoing upheaval, Bitcoin's recent surge in buying pressure has attracted a significant inflow of cash, giving the asset an upward momentum and increasing its rank among investment products. The current upward movement, which saw Bitcoin surpass $28,000 this week for the first time in nine months, is believed to be backed by strong conviction from investors.

However, at the time of writing, Bitcoin has dipped more than two percent in the last 24 hours, currently trading at the $27,698 level. Despite the short-term drop, the overall trend remains bullish, and analysts are optimistic about Bitcoin's future performance as institutional adoption and mainstream acceptance continue to grow.

It's no secret that the world of finance has been going through some major changes lately. People are moving their money out of traditional fiat currencies and into Bitcoin and other cryptocurrencies. And as a result, even big banks are feeling the pressure.

Some banks have even started to limit the amount of money that can be transferred to crypto exchanges, as they try to hold onto their share of the market. But despite all of this, Bitcoin's value just keeps going up and up. As of Friday, it was trading at around $28.2k, which is a 70% increase from the beginning of the year, according to TradingView market data.

And it's not just Bitcoin - Ethereum, the second-largest cryptocurrency, has also seen a significant gain of 51% since the start of the year. It's clear that the world of finance is changing, and cryptocurrencies are playing a big role in that. What do you think about all of this? Are you invested in cryptocurrencies, or are you sticking with traditional forms of currency for now?

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Have you been keeping an eye on the roller coaster ride of Bitcoin prices? After reaching a record high of around $28.6k, the cryptocurrency's volatility has taken a brief hiatus in the past four days. However, don't get too comfortable, as analysts predict that this peaceful period could be short-lived. With the Federal Open Market Committee (FOMC) preparing to release its third interest rates update of the year, a spike in Bitcoin's volatility could be just around the corner.

As the crypto market continues to mature, it's clear that traditional economic factors such as interest rates and inflation have a significant impact on the prices of digital assets like Bitcoin. So, what do you think will happen to Bitcoin's value in the coming days? Will the FOMC announcement cause a surge or a dip in its price? It's tough to predict the future, but one thing is for sure: the crypto world is never short on surprises!

In a shocking turn of events, crypto entrepreneur Justin Sun and eight famous personalities have been charged with promoting unregistered cryptocurrency securities and committing fraud. The Securities and Exchange Commission (SEC) has accused Sun and his companies of engaging in illegal activities such as market manipulation, secret payments to celebrities without disclosure, and illicit earnings worth millions of dollars.

This latest revelation highlights the need for investors to exercise caution and conduct thorough research before investing in any cryptocurrency. With the crypto market being highly volatile, it's crucial to be aware of potential risks and scams. As more and more people flock to the world of digital currencies, it's vital to stay informed and make wise investment decisions. The SEC's actions demonstrate their commitment to protecting investors from fraudulent activities in the crypto industry, and investors should take this as a reminder to stay vigilant and seek out reliable sources of information.

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As centralized financial institutions like FTX, Credit Suisse, First Republic Bank, Silvergate Capital, and Signature Bank continue to collapse, investors are turning to riskier assets such as Bitcoin and Gold. This trend has been on the rise as more people have lost trust in traditional financial systems and seek alternative investments.

Tech billionaire Elon Musk has also weighed in on the recent banking crisis, comparing it to the 2008 financial crisis. Notably, Bitcoin emerged in the aftermath of the 2008 crisis, which was triggered by the collapse of Lehman Brothers Inc., a financial institution that had been operational for over 150 years.

As more institutions crumble and investors seek refuge in decentralized assets like Bitcoin, the crypto market is likely to continue its upward trend. With the increasing adoption of cryptocurrencies by mainstream investors, the future of digital assets like Bitcoin and Gold appears promising. However, it remains to be seen whether decentralized assets can truly replace traditional financial systems and institutions or whether they will coexist as complementary systems.

Ethereum (ETH) has reached a seven-month high, crossing the $1,840 mark for the first time since August 18, 2022. This is great news for ETH holders, as it indicates an increase in demand and potential for the value of the coin to continue to grow.

Interestingly, despite the high demand for Ethereum transactions, the network hasn't seen an increase in transaction fees. In fact, according to data from the cryptocurrency market intelligence platform Santiment, the network fees have dropped to below $2. This is a good sign for investors and traders, as it suggests that ETH has a door open to $2k and beyond.

So what's behind the recent surge in Ethereum's price? One factor could be the reduction in supply of the coin. In 2023, the supply of Ethereum has been reduced by 66,000 ETH, making it deflationary and attractive to traders and investors seeking scarce crypto assets.

Another factor to consider is the upcoming Shanghai upgrade (also known as Shapella), which is set to go live on the Ethereum mainnet on April 12. This upgrade promises to introduce major improvements and enable validator staking withdrawals, which could provide a significant boost for the price of ETH.

At the time of writing, Ethereum was changing hands at the price of $1,787, with weekly and monthly gains of 13.12% and 5.86%, respectively. It's an exciting time for Ethereum investors and traders, and we'll have to wait and see where the price of ETH goes from here.

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