Bitcoin: Could 100K Be New 10K? [Forbes]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: Forbes
Bitcoin: Could 100K Be New 10K? There was only one dominant talking point over the weekend and that was Bitcoin. The crypto king blasted the $10,000 level and made a new 2019 high which stands at $11,251. Although, it has retraced from that level and is currently trading at $10,757 Getty In my previous research Short bets are an important part of the bull equation Source: CFTC, Think Nevertheless, the most important thing was the 24-hour volume for bitcoin, it was at its highest level since December 2007 when the price was trading at $20,000. This shows that the game is on because of the mainstream enterprises jumping in this space, due to investors not losing their interest when the first bubble busted. They simply moved on the sideline waiting for the next bull run to start. Google Trend "Buy Bitcoin" search in Google Trend Source: Google, Think In terms of volatility, Bitcoin's 10-day volatility against S&P500. NASDAQ Source: Bloomberg, Think To conclude, I do think the next rally
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