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Bitcoin up 10% today
Bitcoin is a big day.
It has reached $ 9420 today, climbing by more than 10% and reaching the best levels since May 2018. It's been a remarkable run since early April with prices rising more than 127%.
Technically, there is no doubt that everything is around $ 10,000 now.
The catalysts of the weekend have been Facebook announcing broad support for its cryptocurrency. JPMorgan also released a report stating that Bitcoin's futures could be more important than many market players appreciate.
The idea is that much of the reported bitcoin trade is false and a Bitwise estimate that only 5% of the business could be a real trade. This would reduce "real" trade to $ 36 billion, compared to $ 12 billion in bitcoin futures.
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