Bitcoin Just Jumped Above $8,000

(edited)

Bitcoin experiences biggest price gains in months as cryptocurrency market recovers from kits worst ever start to a year.  It broke the $8,000 level for the first time in two months Tuesday following weeks of bearish sentiment and a lack of new buyers. The digital currency is up more than 20 percent in the past week, mostly buoyed by reports of institutional investor interest.

 

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Edited by Sofia

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Could be Goldman's crypto trading desk, Coinbase's new brokerage to attract institutional capital--or just in general, the emerging interest in bitcoin by institutional capital. This isn't going away. There's clearly some other price factors going on, like a short squeeze recently on bears. But the fact is, institutional capital is getting more interested and that means it's going to settle down eventually. 

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The hype behind the ETF is real.

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