Categories: Cryptocurrencies

Bitcoin Value of $40k & Upgrade Attracting Bullish Sentiment

Bitcoin value hit $40k, and it just got approval for a makeover, making it sizzling hot right now. This makeover which is an upgrade, is called Taproot.

So how will Taproot upgrade affect Bitcoin?

  • The upgrade will increase transaction privacy and efficiency
  • Reduced cost of transaction fees
  • Implementation of Schnorr signature will see multiple complex bitcoin transactions produced under a unique signature

The Taproot upgrade will take effect in November, and just like a beautiful bride waiting to be unveiled, Bitcoin has started getting some attention already from Jack Dorsey (CEO Twitter), Elon Musk (Doge father) and Paul Tudor Jones (Hedge Fund Manager). Now, that’s some serious attention there, and Bitcoin just broke the $40k price level for the first time in June.

So what are you waiting for, aren’t you attracted? Bitcoin could become pricey very fast.

Bitcoin value & charts

Bitcoin daily chart
Share this article:
Adegbotolu Kehinde Erastus

Recent Posts

Eurozone CPI drops ahead of ECB meeting, as ASML helps allay tech fears

ECB in focus after surprise CPI decline TSMC earnings expected to lift tech-heavy Nasdaq Gold…

2 months ago

Eurozone inflation hits target, as markets await US ISM data

Eurozone CPI decline finally drops below 2% target US ISM PMI in focus, while expectations…

3 months ago

Markets await core PCE volatility after EUR and JPY fireworks

Asian fireworks continue, although Nikkei gains likely to reverse on Monday Inflation data sparks EUR…

3 months ago

European markets rise despite dour ZEW data

ZEW declines fail to stifle European stocks Markets growing confident of a 50bp Fed rate…

3 months ago

Cautious end to the week for stocks, as precious metals shine

Mainland European markets on the rise Gold and Silver push higher amid dovish Fed pivot…

3 months ago

Markets on the rise despite mixed CPI report

European markets follow US stocks higher following CPI release ECB expected to cut by 25bp…

3 months ago