Bitcoin has increased 9.5% in the past seven days and is up 50% on the month, according to CoinMarketCap data.
There is, of course, no way of telling how high bitcoin can rise during the current bull frenzy.
The CoinMarketCap Crypto Fear & Greed Index is in “extreme greed” territory at 89.12 points, up from “neutral” at 59.3 points, in early February.
The index measures price and trading data of the biggest cryptocurrencies, with its user behavior data to measure crypto market sentiment from 0-100.
The last bitcoin halving was on May 11, 2020 and drove its price up about 600% from around $9,000 to $63,000 by the April 2021 mark.
TikTok announced today that its revamped creator fund has increased total creator revenue by over 250% within the last six months.
The company says the fund, which launched a year ago and eventually replaced TikTok’s original $1 billion Creator Fund, is exiting beta in the coming weeks.
Since rolling out longer videos, TikTok says users are spending 50% of their time watching longer content, while viewership of longer videos has increased nearly 40% over the last six months.
When TikTok first launched the revamped fund, it estimated that creators would be able to make more than 20 times what they were previously earning on TikTok.
TikTok’s new creator fund seeks to appease creators and encourage them to post their longer videos on TikTok, instead of just YouTube.
The digital currency hit a new all-time high for the first time since November 2021 when it passed $69,000 on Tuesday morning, as demand surged in recent weeks following the spot bitcoin ETF approvals in the U.S. and the pending bitcoin halving in late April.
Bitcoin halving, which is usually referred to as “the halvening,” is a periodic decline in bitcoin mining rates, which means the number of bitcoin miners can potentially get for each block mined is cut in half.
This process is meant to control the supply of bitcoin over time and once the number of bitcoin in circulation hits 21 million, its total supply, the process will end.
The price jump increase is also being driven by the 11 spot bitcoin ETFs the U.S. Securities and Exchange Commission approved in January.
The total market cap across the spot bitcoin ETF products is $53.74 billion, according to Blockworks data.
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