The cryptocurrency has already hit $11300 ⚡️
Bitcoin has finally broken the $10000 psychological barrier. The growth over the last day was 5.5%. Based on the opinions of crypto experts, we have identified 3 main reasons for this growth:
- Volatility return. The price of bitcoin has long been squeezed in a narrow range between $ 9000 and $ 10,000. This tight trading range by bitcoin is creating what is known as a Bollinger Band squeeze. According to the inventor of the trading indicator, John Bollinger, such periods of low volatility are often followed by periods of high volatility.
- The growing interest in cryptocurrency from institutional investors. For example, last week we wrote that the financial corporation Fidelity Investments acquired 10.58% of the Canadian mining company Hut 8.
- Increased risk appetite for investors. Stock markets are recovering. The S&P 500 has renewed its five-month high. The EU and the US continue to support the economies. This creates additional drivers for the growth of stocks. This increases the confidence of market participants in its stability and makes them look for riskier and at the same time profitable assets.
If you, like the whole market, believe in the growth of bitcoin, follow the link and make money on it before it’s too late:
Follow us on social media:
Twitter — https://twitter.com/ecosmining
YouTube — http://www.youtube.com/c/ECOS_mining
Telegram — https://t.me/EcosCloudMining
Facebook — https://www.facebook.com/ecosmining/
LinkedIn — https://www.linkedin.com/company/19172027
Instagram — https://www.instagram.com/ecos_mining
