5 catalysts for the latest Bitcoin pump

26 Jun, 2019
by Will Heasman

Today Chepicap’s Will Heasman takes a look at the most recent Bitcoin pump, and all the possible catalysts that could have pushed Bitcoin beyond $12k; from Binance to FOMO and everything in between, here are 5 catalysts for the latest Bitcoin pump!

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In 2019 Bitcoin has pumped over 200%, and its latest rally has been responsible for over 26% of that, taking Bitcoin from around $9k, straight to $12k for the first time in over a year, but what’s propelling BTC this time?

While there are quite a few reasons  to be bullish on Bitcoin in 2019, its often the most unexpected catalysts that provide the fuel to bitcoins fire, one such propellant came in the form of the worlds largest crypto exchanges – Binance -  barring US investors, an event  which triggered a mass sell-off alts, and an apparent resurgence from Bitcoin.

FOMO also seems to be at play at these levels, with a few analysts suggesting that the ‘fear of missing out’ may have more to do with the rising markets than first thought.

Similarly feeling the FOMO in the recent years, has been Facebook, who felt so left put they decided to create their own “cryptocurrency,” much to the divisive reaction of the community; could Libra also be playing a part in the recent pump?    

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