By CCN: In the U.S. market and on strictly regulated crypto exchanges such as Bitstamp and Coinbase, the bitcoin price surpassed $8,900 to achieve a new 2019 high at $8,939. Within merely hours, the bitcoin price climbed from $8,000 to $8,939, by more than 11.7 percent against the U.S. dollar. The abrupt upside movement of the bitcoin price follows its 100 percent year-to-date gain against the USD. As of May 27, bitcoin is up 136 percent year-to-date with the “real 10” volume of BTC hovering at $1.6 billion. The “real 10” volume, which calculates the real daily spot volume of
The post Bitcoin Price Hits $8,939 in New 2019 High: What’s Driving the Hypnotic Rally? appeared first on CCN
source https://www.ccn.com/bitcoin-price-hits-8939-2019-high-hypnotic-big-rally
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