Cryptocurrency
$8,300: Bitcoin Price Erupts in Parabolic Rally, Spikes 17% Within Hours via @CCNMarkets
As reported by CCN, “By CCN: In the past 24 hours, the bitcoin price surged from around $7,000 to $8,300, recording a 17 percent gain against the U.S. in a parabolic rally and a new 2019 high. “The continuous rally of bitcoin led the valuation of the crypto market to spike from $211 billion to $242 […]
As reported by CCN, “By CCN: In the past 24 hours, the bitcoin price surged from around $7,000 to $8,300, recording a 17 percent gain against the U.S. in a parabolic rally and a new 2019 high.
“The continuous rally of bitcoin led the valuation of the crypto market to spike from $211 billion to $242 billion, by more than $31 billion.
“Major crypto assets in the likes of Ethereum’s ether, XRP, bitcoin cash, litecoin, and EOS recorded gains in the range of 8 to 20 percent, with XRP gaining 20 percent at the day’s peak. one month, the bitcoin price surged by over 67.5 percent and as such, technical analysts expected the dominant cryptocurrency to experience a pullback.”
“However, the strong fear of missing out (FOMO) of investors in the global market supplemented by the drastic surge in the volumes of major exchanges like BitMEX and markets such as CME have further fueled the momentum of bitcoin.”