Bitcoin has surged past $114,000, setting a new record, even as access to trading platforms like eToro is restricted in several countries due to regulatory and technical issues, creating barriers for users.
Bitcoin has reached unprecedented heights, breaking the $114,000 barrier for the first time, with traders now eyeing a $120,000 target. However, the surge coincides with accessibility issues for various platforms. For example, eToro reports being unavailable in countries including Russia, China, and Iran.
Amazon CloudFront also issued 403 errors, blocking access in certain regions due to traffic or configuration errors.
These restrictions might stem from increased regulatory scrutiny or technical infrastructure challenges amid heightened trading activity. Financial analysts predict that ongoing institutional adoption may further drive Bitcoin's value, but access limitations could hinder broader participation and market stability. The cryptocurrency's volatility and regulatory landscape suggest both significant opportunities and considerable risks for investors.