Bitcoin Price Prediction as BTC Blasts Up 15% in 7 Days – Time to Buy?

cryptonews.com:

With Bitcoin surging 15% in just seven days, many investors are wondering if it's the right time to buy. In this article, we'll discuss the current state of the Bitcoin market and examine some Bitcoin price predictions for the future.

Let's take a closer look at the key fundamentals of the cryptocurrency market that may be influencing the overall price movement.

On February 15, the Securities and Exchange Commission introduced a new "custody" regulation that would limit the ability of asset managers to invest clients' funds in cryptocurrencies, among other things. This proposal follows several recent measures taken by regulators to provide greater protection to investors in a market known for its high degree of price volatility.

In the meantime, on February 13, the New York Department of Financial Services directed cryptocurrency firm Paxos to cease issuing BUSD, a stablecoin, due to "unresolved issues" related to its association with cryptocurrency exchange Binance, which acts as the coin's brand. Paxos will stop producing new BUSD tokens from February 21, as instructed by the NYDFS in close collaboration with the company.

Despite repeated assurances from politicians and regulators about regulating the cryptocurrency sector, investors have returned to the volatile digital asset market, causing BTC/USD to rise.

According to a report by Arabian Business on February 13, Novotel Bahrain Al Dana has become the first hotel in the region to accept payments in cryptocurrency. The report states that Novotel Bahrain Al Dana Resort and Eazy Financial Services have partnered to enable customers to settle their hotel bills using cryptocurrencies. To facilitate the service through the Binance app, the hotel will install specially