Bitcoin Just Jumped Above $8,000

[Sofia + 34]

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.

 

Edited July 24, 2018 by Sofia

[Blockchainbull + 24]

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. 

[Michael Kern 0]

The hype behind the ETF is real.