Hedge Funds Behind Bitcoin Explosive Price Rally, Say Experts4.8

For a market that prides itself for being decentralized, bitcoin appears to be a lot in control of a few players only.

The first and the foremost cryptocurrency registered an explosive growth in the first half of 2019. As of today 16:31 UTC, bitcoin was trading 177 percent higher from the year’s opening rate of $3,691.87, which is exponentially higher than what the benchmark S&P 500 Index and Gold returned. But, as the latest issue of FN London describes, the bitcoin price rally could have been driven mainly by crypto-focused macro managers, not the retail investors per se.

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