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Bitcoin, who Earlier this week had its strongest trading day since its legendary run of December 2017, has increased again in recent hours, giving heart to those who feared the sudden surge of Bitcoin would be short-lived.
The price of bitcoin has reached $ 5,240 per bitcoin at the Luxembourg Stock Exchange Bitstamp, its highest level since last November, when a civil war inspired by bitcoin and inspired by the civil war between the bitcoin community and the crypto- currency has almost halved the value of bitcoin.
The latest price spike, whose exact cause is not yet entirely clear, adds 3% to the price of bitcoin over the last 24 trading periods and about $ 4 billion to the total market capitalization of bitcoin.
The price of bitcoin suddenly added 3% more to its price today, bringing its weekly earnings to nearly 30%.
Getty
The sudden rise in Bitcoin prices this week seems to have been triggered by a large commercial order from a mysterious buyer, which sparked a wave of algorithmic buying as computer programs strove to pbad. their own orders without losing sight of soaring prices.
The price of bitcoins has increased by almost 30% since last weekend & nbsp;after a strong month in March, although the unexpected price broke & nbsp;left a lot & nbsp;badysts and traders scratching their heads on his specific cause.
This week was marked by the sudden return of mainstream media attention on bitcoin and crypto-currencies after their disinterest, while the price of bitcoin had dropped over the last year.
Google searches for "Bitcoin" returned to levels reached in November at the height of the civil war in cash with Bitcoin, which could lead to the so-called fear of missing the purchase of bitcoins and other digital tokens (FOMO), most of which have also dramatically increased hours.
The price of bitcoins soared to more than $ 5,200 earlier today before falling back.
Coindesk
In other key developments related to bitcoins this week, which contributed to the optimistic outlook for cryptocurrencies, the The US Securities and Exchange Commission told investors of a start-up company using crypto-tokens similar to Bitcoin to raise funds that they would not take any action against the company.
Meanwhile, the online payments giant PayPal caused waves when he revealed that he had joined a round of funding for Cambridge Blockchain, a startup that seeks to empower people to own their data and identity online through blockchain technology.
Elsewhere, technical price data was also positive. & Nbsp; The New York-based company& nbsp; research firm & nbsp;Fundstrat Global Advisors found that & nbsp; bitcoin & nbsp;closed above its 200-day moving average for the first time since more than a year on Tuesday, because of its huge price rally, said this could result in a nearly 200% increase in the price of bitcoin, potentially bringing each piece to around $ 13,500.
People started looking for "Bitcoin" again this week after losing some interest in recent months.
"Based on Bitcoin's business history, a move above the 200-day moving average for Bitcoin is statistically significant." Fundstrat researchers wrote in a note to customers. "When & nbsp;Bitcoin is above its 200-day moving average, its winning ratio is 80%, compared to just 36% when it is less than 200 days.
"The six-month expected returns are on average 193 percent, down from 10 percent below the 200-day moving average, so being above the 200-day moving average is a big problem."
Although the price of bitcoins has been trading flat for several months, the bold bitcoin bulls have continued to talk about the prospects for bitcoin and cryptocurrency, with the founder and general manager of the Galaxy Digital cryptographic badet manager.& nbsp;Mike Novogratz said that Bitcoin's next move would be "higher."
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Bitcoin, which saw its strongest trading day at the start of the week since its legendary rise in December 2017, has made further progress in recent hours, giving the hearts to those who feared that the surge of bitcoin would only be short duration.
The price of bitcoin has reached $ 5,240 per bitcoin at the Luxembourg Stock Exchange Bitstamp, its highest level since last November, when a civil war inspired by bitcoin and inspired by the community of bitcoins and cryptocurrencies had reduced half the value of the latter.
The latest price spike, whose exact cause is not yet entirely clear, adds 3% to the price of bitcoin over the last 24 trading periods and about $ 4 billion to the total market capitalization of bitcoin.
The price of bitcoin suddenly added 3% more to its price today, bringing its weekly earnings to nearly 30%.
Getty
The sudden rise in Bitcoin prices this week seems to have been triggered by a large commercial order from a mysterious buyer, which sparked a wave of algorithmic buying as computer programs strove to pbad. their own orders without losing sight of soaring prices.
The price of bitcoins has increased by almost 30% since last weekend after a strong month in March but the unexpected price broke left a lot Analysts and traders scratch their heads on its precise cause.
This week was marked by the sudden return of mainstream media attention on bitcoin and crypto-currencies after their disinterest, while the price of bitcoin had dropped over the last year.
Google's search for "bitcoin" returned to its peak in November, at the height of the Bitcoin cash civil war, which could lead to the so-called fear of missing the purchase (FOMO) of bitcoin and other digital tokens, most of which have also risen sharply over the past few hours.
The price of bitcoins soared to more than $ 5,200 earlier today before falling back.
Coindesk
This week, as part of other key bitcoin-related developments, which contributed to an upbeat outlook for cryptocurrencies, the US Securities and Exchange Commission informed investors of a start-up using crypto-tokens similar to bitcoin to raise funds that she would not take any action against the company.
Meanwhile, PayPal's online payments giant has caused waves when it revealed that it had been badociated with a fundraiser for Cambridge Blockchain, a start-up company working to enable Internet users to own their data and identity online via blockchain technology.
Elsewhere, technical price data was also positive. Based in New York office of studies Fundstrat Global Advisors discovered that bitcoin closed above its 200-day moving average for the first time in more than a year on Tuesday, due to strong price rally, which could result in an almost 200% increase in bitcoin prices , potentially carrying each piece at around $ 13,500.
People have started looking for "bitcoin" again this week after losing some of their interest in recent months.
"Based on the history of bitcoin trading, an evolution above the 200-day moving average of bitcoin is statistically significant," Fundstrat researchers wrote in a note to customers. Bitcoin is above its 200-day moving average, its winning ratio is 80%, compared to just 36% when it is less than 200 days.
"The six-month expected returns are on average 193 percent, down from 10 percent below the 200-day moving average, so being above the 200-day moving average is a big problem."
Although the price of bitcoins has been trading flat for several months, the bold bitcoin bulls have continued to talk about the prospects for bitcoin and cryptocurrency, with the founder and general manager of the Galaxy Digital cryptographic badet manager. Mike Novogratz said that the next move Bitcoin will make will be "higher".
