Bitcoin News

Story: Bitcoin Bears Chased Out Of Market for Now – 3rd Largest Daily Gain in Price History

By Maheen Hernandez

1 / 10

The recovery of Bitcoin to $10,000 has led to a new projection that the token might hit $100,000 by 2021.

2 / 10

Bitcoin enthusiasts who are bullish about the token are expecting the coin to explode over the next two years. For now, the market has chased away the Bitcoin bears.

3 / 10

Alex Mashinsky, chief executive of the New York-based crypto lending platform, stated that he never thought that the Facebook founder's testimony had gotten the investors worried…

4 / 10

“Stablecoins Are Securities Act of 2019” is a bill that discusses managing stable coins.  The regulation requires that the managed stable coins are to be treated as…

5 / 10

Congressman Warren Davidson (R-OH) stated, "There's Bitcoin, and Then There's Shitcoin (Libra).

6 / 10

The Bill states that the SEC can issue rules and regulations further to define the term "managed stable coins" and "digital coins" further on.

7 / 10

With the game for the Bitcoin being on over again, investors are contemplating whether this is a real bullish break.

8 / 10

The recent move of the Bitcoin is considered to be an influential trendsetter as Bitcoin has been trending versus several other popular search terms.

9 / 10

Yassine Elmandjra, a Bitcoin analyst, tweeted:  "The previous two times Bitcoin saw a >40% daily gain, it was trading at $0.40 and $5.65.

10 / 10

Tether is busying minting more of USDT with which it expects investors to buy the Bitcoin. This is an incredibly bullish signal.

The Currency Analytics

Want the full story?