By Shaktira - 12.01.2020
Bitcoin price in 2019 year
After crashing in value a fresh wave of buying appears to be hitting the market.
Andy Brenner at National Https://inform-crypt-re.site/2019/usd-to-php-2019.html Securities said while it wasn't possible to confirm who is behind the direct flows of who is buying bitcoin, it looked logical that Chinese investors were using the digital currency as a means to diversify.
Gandham bitcoin price in 2019 year the bitcoin price has now hit a base value and now individual stories such as Samsung and HTC phones carrying bitcoin price in 2019 year or Amazon marketplaces accepting the digital article source bitcoin price in 2019 year starting to take effect on consumer acceptance.
Gandham added dfinity 2019 rumors that Fidelity Investments, one of the largest asset managers in the world, will soon start crypto trading for institutional customers was also having a postive impact on price.
Meanwhile, digital currency critic David Gerard is ascribing bitcoin's bitcoin price in 2019 year run to trading moves by big holders of the digital currency who are bitcoin https://inform-crypt-re.site/2019/nem-price-prediction-2019.html in 2019 year the squeeze on short sellers.
In a blog post Monday, Gerard said "Whales" are buying up the market until short positions get forced out. At liquidation, short sellers then buy back at market price forcing a price spike as a bitcoin price in 2019 year of buying hits order books bitcoin price in 2019 year the same time.
Gerard said the whales who guided the price higher then sell off at a profit. The crypto specialist also linked the rise in bitcoin to an influx of dollar-substitute tokens called "tethers," which have supposedly been introduced into the digital market to inject liquidity.
Tether is owned and run by the same people as crypto exchange Bitfinex.
However major questions exist over how realistically the value of a tether can be linked back to an actual dollar and Bitfinex is being investigated by the New York Attorney General. Gerard said despite the big questions over the validity of the recent buying spree, he expected bitcoin and other cryptocurrencies to keep going up.
Bitcoin price in 2019 year predicted there would be another mainstream crypto bubble — but I didn't expect it this soon.
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