Analyst Expects Bitcoin To See Bullish Continuation: BTC Taps $6,000

Over the past week, Bitcoin (BTC) has begun to recover after a brutal 10% sell-off, sparked as a result of news that Bitfinex and Tether (USDT) may be in precarious financial standing. As of the time of writing this, BTC is currently trading at $5,900 on major spot markets, up from the $5,375 seen just seven days ago, a gain of just shy of 10%.

Interestingly, a good portion of these gains has come within the past 48 hours. The recent surge hasn’t been decidedly pinned to a fundamental or technical factor, but it is believed that the news that Ethereum futures may be approved by the U.S. CFTC boosted ETH, and thus the rest of the market.

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