Bitcoin seems to be getting parabolic again. In all honesty, I confess I was baffled to see it jump from around 11k to almost 14k in just one day:

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20% is a lot to digest, even after a one year long crypto winter. I expect a pullback soon, but you don't have to believe me, I often say all kind of weird stuff.

There's no apparent reason for this jump, at least from what I was able to filter from the news. Looks like Cash app allows now both deposits and withdrawals, but I doubt this is the single reason behind this jump. Most likely there's a combination of market sentiment, Libra coin reactions and just plain ol' speculation.

Interestingly, STEEM managed to maintain its value in fiat, but lost more than 30% in Bitcoin.

As always, this is not investment advice, do your own research and never trade more than you can afford to lose.

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I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.

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