Reason Behind Bitcoin Price Jump?

in #bitcoin • 6 years ago

Crypto Market is much depend on positive & negative news, when there is one positive news market getting toward high.there are some positive news in market behind bitcoin price hike.

1.coinbase platform get approval from US government to regulate to start listing token .

2.Blackrock- The world largest asset manager with over $6 trillion assets under management made headlines by probing the crypto market.

3.Short Squeeze-in this many traders can trade for short time,but in this crypto liquidate all there trade and make it zero.

4.ETF(exchange traded Fund)- if ETF can aprove there is flood in bitcoin Price,because there is trillions of dollars are enter in Crypto Market.

5.On 14th July The United States House of Representatives has gone so far as to say that digital currencies are the future of money or future of currency.

6.Chinese City Starts a $1.5 Billion Fund to Promote Public Blockchain Projects

#bullish #market
6 years ago in #bitcoin by
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