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Bitcoin Bull's Unleashed as Crypto begins to trade on good news



By CCN: Another day, another new height for the bitcoin price. Bitcoin is currently at nearly $ 8,300, which according to CoinMarketCap data is a new 2019 high for the largest crypto competition. At Coinbase, the BTC price already achieved $ 8,300, but it has pulled a little back. Although it is not the first time that the bitcoin price has surpassed this level historically, the market has gained stronger basic combustion gains this time.

The tension in the crypto environment is attracted. Gemini founder Tyler Winklevoss noted that "breaking 8k this time feels very different than last time."

Trader and analyst Luke Martin noted that bitcoin reaches new heights "never gets old."

Finally! The Bitcoin Prize is about Good News

One of the frustrating topics in 2018 was that the BTC Prize ignored signs that the industry was getting stronger when developers "buidling". 2019 is a completely different story. Now that bitcoin barreling against $ 10,000, Fundstrat's Tom Lee suggested that it is more likely to catch the attention of traditional investors outside the crypto game. He told CNBC:

"It's very important because bringing in the new interest in managed cryptography can really create bitcoin to their full time high."

No shortage on Catalysts

There are many reasons why the bitcoin bulls are out in full force. As Fundstrat's Lee told CNBC, the BTC award has risen steadily since November 2018. But in recent weeks, the winnings have become "more parabolic" in nature. The stars have adjusted for the bitcoin price for several reasons, not least involving geopolitical tensions that unfold between the US and China. Not only have these conditions made bitcoin better than ever for investors because of their uncorrelated nature to stocks, but bitcoin has become the "safe haven" investment, according to Morgan Creek Digital Co-Founders Anthony Pompliano. He tweeted:

"JPMorgan tells people that the US and China trade war could increase the security ports' currencies. Bitcoin is the best safe haven currency in the world. Nervous about global chaos? Buy the strongest non-sovereign currency.

It There is no shortage of catalysts, really. Regulated BTC futures exchange Bakkt has given greater clarity about its forthcoming launch, which is likely to unlock institutional capital from the sidelines. And Gemini's cryptic exchange has pushed bitcoin into the spotlight by allowing thousands of sellers While accepting the crypto course as a form of payment, while investors may be grappling with selling in May and slipping into the stock market, bitcoin seems to be just getting started.


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