In a market teeming with activity, Bitcoin’s latest surge to $40,000, marking a nearly 1% increase on Thursday, has investors and analysts revisiting their Bitcoin price predictions. This uptick comes amidst a flurry of significant developments: Chinese investors, spurred by stock market dynamics, are increasingly engaging with Bitcoin despite its prohibited status in the country. The post Bitcoin Price Prediction: Hits $40,000 Amid ETF Moves & IRS Update appeared first on Cryptonews .