Cryptocurrency advocates woke up to the good news that bitcoin is trading for around $8,900. Bitcoin is expected to break $9,000 by next week as markets and regulators alike appear to be taking on a more bullish stance. Bitcoin spent nearly 24 hours hovering in limbo. Stuck at the $8,600 mark, traders were unclear about whether the short, sporadic price hikes Fundstrat’s Thomas Lee recently spoke of would occur in the immediate future. Now, it appears the analyst’s predictions are inching closer to reality. There are many alleged reasons behind the sudden price jump. A large one stems from FrenchPowered by WPeMatico
Bitcoin is allegedly entering a recovery phase, and is now trading for just under $9,000. Following two harsh weeks of negative sentiment from both Google and Twitter, bitcoin is once again showing an ability to surpass the latest resistance levels and spike through new territory. Many allege that a positive response to this year’s recent G20 summit has a lot to do with bitcoin’s recent “high.” While $9,000 doesn’t seem like much – especially in comparison to last year’s December figures – it remains strong when compared with bitcoin’s low point of roughly $7,600 witnessed earlier this week. The 2018
Bitcoin has endured an impressive price hike. After yesterday’s short jump to approximately $8,300, the currency has seemingly increased by over $500, and is trading at just under $8,900. It’s a nice bit of news for crypto advocates, and the coin could potentially be trading at $9,000 in just a matter of days. One source goes so far as to suggest the bitcoin bear run may have reached an official end. Fundstrat’s Thomas Lee, which has remained a strong proponent of bitcoin and its ever-changing technology, states that the recent crash may have affected bitcoin, but was directed primarily towards
Bitcoin has endured a rough couple of weeks. Following a stint that saw it trading for nearly $10,000, bitcoin sunk last Wednesday by over $1,000 following Google’s announcement that it would ban cryptocurrency and ICO-related advertisements this coming June. Sadly, despite a few brief price hikes between $8,100 and $8,500, the price has fallen to a one-month low of $7,600. The move likely stems from Twitter’s recent announcement that it would begin banning cryptocurrency ads within the next two weeks. Should the platform take such action, Twitter would ultimately become the third major player to strike against bitcoin after Google
The price of bitcoin fell in dramatic fashion yesterday following Google’s announcement that it would no longer support cryptocurrency and ICO-related ads. Prior, bitcoin had been trading for approximately $9,100, though following the search engine’s sudden decision, the price fell nearly $1,000 (eight percent), and it has been hovering at $8,200 ever since. For the most part, bitcoin is managing to hold its ground despite several resisting factors. Per Coindesk data, the asset fell to a new low of $7,676 late last night (the lowest it’s been since February), but it has since experienced a near $600-rise to place it