Daily: Bitcoin Shoots up 10% !! But Why??
Bitcoin led a cryptocurrency market rally of 10% increase in less than 1 hour. In this episode, we look at the long-term reasons as to why there is positive sentiment - Institutional interest (Goldman Sachs, Blackrock, Cohen Fund, Bitcoin ETF) and also liquidated shorts that could have caused the rapid change.
1:00 Market Recap
1:48 Institutional interest in crypto?
2:13 Blackrock's new taskforce
3:00 Why Price Spike
3:27 Liquidated Shorts
4:47 Google trends an Indicator for the price?
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I'm not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.
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