Bitcoin Price Jumps Above $8,700 following Binance US Closure7

Bitcoin is becoming a hedging instrument even against the rest of the cryptocurrency market.

The largest cryptocurrency profited as much as 6 percent on Friday to close above $8,700. At the same time, other leading cryptocurrencies, such as Ethereum, Litecoin, and EOS, trended in negative territory. The massive contrast between the bitcoin and the rest of the cryptocurrency market indicated a capital flight. Traders suggestively exchanged a bulk of altcoins for bitcoin as a safety measure against the latest Binance announcement.

Original source
https://www.newsbtc.com/2019/06/15/bitcoin-price-jumps-above-8700-following-binance-us-closure/

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