Bitcoin broke above $8000 from $6000 in less than five days, the probability of which was lower in the current market sentiments. The recent parabolic rise is a rarity in the financial markets. However, it is not as rare in the crypto-markets.
The two most important factors that have been credited for the rise has been the Institutional growth and the recent tension between the US and China trades which has favored the uncorrelated global asset, Bitcoin. Bitcoin, as the experts suggest is acting as a safe haven against the falling
This post is an exerpt of an original post published on Coin Gape. All copyrights about images and text belong to their respective owners.Click the above button to read the original post.