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.

Original source
https://ethereumworldnews.com/analyst-expects-bitcoin-bullish-continuation-btc-taps-6000/

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