Why Billionaire Investor Expects Bitcoin to Struggle Despite Hitting 2019 High4.6

Bulls have control over the crypto wheel. In a miraculous move, Bitcoin (BTC) has surged past $6,000 after hitting $3,150 just months prior — a near-100% move in under half a year’s time. For some reason or another, however, analysts are divided about how this strong uptick will play out — in the short-term anyway.

Just over 24 hours ago, the cryptocurrency community was shocked when news broke that Binance, one of the world’s most prominent digital asset exchanges, suffered a “security breach.” In a blog post, which described the attack as “large scale” and “well-orchestrated,” Binance’s Changpeng “CZ” Zhao revealed that 7,074 BTC has been siphoned out of the exchange’s hot wallet through phishing techniques, among other modes of attack.

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