For the, money investors Question is whether this round of money price rises is a restart of the bull market or a bear market share. Yesterday evening, Bitcoin experienced a cost in one hour. The cost rose from the violence of approximately 6,800 U.S. dollars to a maximum of 8,100 U.S. dollars. It rose during the day by almost 20%. Under the direction of Bitcoin digital currencies ushered with currency profits exceeding 50%. Faced with the collective heating of the digital foreign exchange market, many investors whined that the bull market is back. According to info from the Site, Bitcoin’s Market value increased by almost 20 billion U.S. dollars over a day, along with the whole digital currency market also experienced overall market development. There was not any seeking effect. According to the daily trade volume of Bitcoin exceeding 9 billion U.S. dollars, there should be countless incremental funds entering the market , rather than stock funds.
Actually, at the time of the Of Bitcoin, a currency trading platform, Bitfinex, also listed several large purchases. With the rise in purchasing Bitcoins, many shorts have been forced to close their positions, further expanding the upward trend of the market. With this phenomenon, information manager of Cypher Capital, Nick Kirk voiced his approval. At exactly the exact same time, he believes that this rally is likely to be the answer to the release of premature pressures.
Pantera Capital Management, among the world’s largest money funds, said Bitcoin has bottomed out. The 6,500 U.S. dollar is the low point for Bitcoin’s bear market. Bitcoin will be over this cost for most of the year and might even exceed the record high of 20,000 U.S. dollars this past year. Founder Tom Lee expressed confidence in Bitcoin. He believes that the Bitcoin P/B ratio and has formed an important correction, and other indicators are exactly the same as the end of 2014 bear market. According to this, he said that the value of Bitcoin may rise over three times this year and climbed to 25,000 U.S. dollars at the end of the year. Data shows that Bitcoin has risen in this calendar year’s second quarter.
Naturally, Bitcoin OTC volume shows signs of market recovery. Since March, bitcoin price trading volumes reached and from Canada, Europe, Vietnam, Mexico, and Vietnam have raised record highs. With the admission of Major institutions like high group Rockefeller family and hedge fund giant Soros, the financial size of the currency market will be expanded. It is worth noting that Although Bitcoin now has an increase, it is still in a downtrend Channel and has not been broken. It remains to be seen whether the money market has reversed. Investors should be Vigilant and pay attention.