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Bitcoin Bulls Crypto Begins Trading For Good News



By CCN: Another day, another new high for the bitcoin price. Bitcoin is currently trading at nearly $ 8,300, which according to CoinMarketCap is the new 2019 high for most cybercurrency. At Coinbase, the BTC has already reached $ 8,300, although it has retreated a bit. Although this is not the first time that the bitcoin price has exceeded this level historically, the market has more powerful foundations that nurture profits this time.

Excitement in the crypt-community is noticeable. Co-founder Gemini Tyler Winklevoss noted that "the 8k gap this time feels much different than last time."

Trader and analyst Luke Martin noted that the bitcoin reaching new highs "never ages." creating new highs in 2019. It can happen every day for the rest of the year, and it never gets old.

– Luc Martin (@VentureCoinist) May 16, 2019

Finally! Bitcoin is traded on good news

One of the disappointing topics of 2018 was that the price of the BTC ignored the signs that the industry is getting stronger as developers keep "bodding." Now that the bitcoin is approaching $ 10,000, Tom Lee from Fundstrat has suggested that he is likely to capture the attention of traditional investors outside the crypto space. He told CNBC:

"This is really important, because bringing this new interest in managed crypts can really push the bitcoin to its highest point."

Catalysts [19659008] There are many reasons why bullfighting bulls have come to fruition. According to Lee Fundstatt at CNBC, the price of BTC has been steadily increasing since November 2018. But in recent weeks, profits have become more "parabolic" by nature. The stars were combined with Bitcoin prices for several reasons, not least because of the geopolitical tensions between the United States and China. Not only did these terms make Bitcoin look better than ever for investors because of its uncorrelated nature to stocks, but Bitcoin has become a "safe haven" of investment, according to Morgan Creek Digital co-founder Anthony Pompiliano. He wrote a tweet:

"JPMorgan tells people that a trade war between the United States and China can strengthen currencies that protect against conflicts. Bitcoin is the safest currency in the world. Nervous about global chaos?

There is in fact no shortage of catalysts. Adjustable stock exchange BTC Bakkt provided greater clarity with regard to its rapid launch, which would likely open the institutional capital from the corners. And the twin crypto put Bitcoin in the spotlight, making it possible for thousands of merchants to accept cryptography as a form of payment. Although investors can fight sales in May and go to the stock market, Bitcoin seems to be just starting.


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