Bitcoin (BTC) rises, and gold brings a new rise at all as the stock market enters the bear in the “decipher”
As the stock market expanded its losses, Bitcoin (BTC) regained the level of $ 88,000 while gold reached the highest level ever.
At the time of writing this report, BTC is trading at $ 88193, an increase of 5 % in the past seven days, prompting some analysts to indicate capabilities season From traditional markets.
According to the encryption data complex CoinglassMore than $ 232 million has been filtered in positions in the past 24 hours, most of whom were traders trying to get a short BTC.
While gold is traded at the highest level ever at $ 3,415, BTC is still less than 20 %. But in a new interview on CNBC, the Fundstrat investment head Tom Lee He says It is expected that Bitcoin will play the knee with the yellow metal.
“I think Bitcoin earlier this year may have been struggling with some of the violations that were taking place for institutional investors … selling what they can, and I think bitcoin suppression, especially on weekends, but now after this has been done, I think there is a large kind of additions.
Bitcoin Bull for a long time and the founder of POMP Investments, Anthony Boxbrano, recently He said Historically, gold tends to drive BTC on the gatherings for several months before Crypto King holds a bid and grieves more and more volatile expansion of gold.
“No one really knows the reason for this. It will be my greetings that many central banks and institutional investors either have not been approved to buy bitcoin or they do not attack Bitcoin in these moments of a kind of geopolitical uncertainty. What we see is more difficult, you are more than that, you do not go beyond this.
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