In the realm of cryptocurrency, Bitcoin‘s trajectory has captured the market’s attention yet again. As whispers turn into conversations about Bitcoin price predictions, the digital currency has edged up by 0.41 percent, steadying at $42,403.
This subtle yet optimistic rise coincides with murmurs that Google could begin displaying advertisements for Bitcoin ETFs as early as Monday—a move that would undoubtedly send ripples through the crypto community.
Adding to the intrigue, political heavyweights Donald Trump and Robert F. Kennedy Jr. have vowed to halt any efforts by the Federal Reserve to launch a US Central Bank digital currency, should they secure their respective election bids.
This confluence of tech and politics is setting the stage for a potentially pivotal week in the world of Bitcoin.
Google’s Advertising Turnaround and Crypto Speculation
Google will let advertisements for specific cryptocurrency products on its search engine starting on Monday, potentially including Bitcoin exchange-traded funds (ETFs). The revised policy is in line with the SEC’s recent approval of 11 spot Bitcoin ETFs.
These exchange-traded funds (ETFs) provide investors a share in the fund’s Bitcoin holdings, satisfying Google’s advertising requirements. With 8.55 billion searches processed by Google every day, economists are hopeful about future inflows into Bitcoin ETFs.
Thanks to Vivek Ramaswamy’s warning about the risks associated with CBDCs, Trump was able to win over Rep. Tom Emmer.
Although the Federal Reserve is not near to introducing a CBDC, the candidates’ resistance to it indicates an increasing lack of confidence.
Since growing mistrust of centralized currencies frequently spurs interest in decentralized alternatives like Bitcoin, this revelation could have a beneficial effect on the price of the cryptocurrency.
Bitcoin Price Prediction
Bitcoin (BTC) sees a modest rise to $42,160, marking a 0.32% increase within the 24-hour frame. The cryptocurrency maintains its standing, with a market capitalization in the billions and a supply in the millions.
The 4-hour chart reveals a pivot point at $42,161. Resistance levels are arrayed above, at $43,394, $44,372, and $45,581, challenging upward movements.