Reported about 1 month ago
Bitcoin reached a historic high of over $79,000 during a weekend surge that liquidated $280 million in bearish trades. This increase of 4% extends its 7-day gains to over 16%, coinciding with the recent election of Donald Trump and a 25 basis point rate cut by the Federal Reserve, both viewed positively by traders. The unusual price movement suggests heightened retail investor participation, while minimal profit-taking indicates potential for further growth in the current rally.
Source: YAHOO