Bitcoin is currently trading at $10,900 but was able to touch $11,400. Momentum has clearly shifted in favor of bulls. After the initial breakout above $10,000, Bitcoin was able to get enough continuation and managed to crack $11K as well. The number one digital asset is dominating the market again while most altcoins are heavily crashing. Why is Bitcoin finally going up? Altcoins, especially DeFi projects, were all basically in a bull market even though Bitcoin and others were trading sideways. Ethereum was the first to see a breakout above $250 but it seemed that Bitcoin wasn’t following. The stock market already bounced while Bitcoin remained behind. The last US stimulus checks are helping Bitcoin again but that’s not all. The weakness of the dollar is also notable as it just hit a low not seen since 2018 against the Euro. Furthermore, major trust funds have been buying enormous quantities of Bitcoin throughout 2020 and significant amounts inside exchanges were being withdrawn. Both factors indicating that investor are willing to hold Bitcoin. It was only a matter of time for the demand to overcome the sellers. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next USD/CAD struggles to hold above 1.3400 after US data FX Street 3 years Bitcoin is currently trading at $10,900 but was able to touch $11,400. Momentum has clearly shifted in favor of bulls. After the initial breakout above $10,000, Bitcoin was able to get enough continuation and managed to crack $11K as well. The number one digital asset is dominating the market again while most altcoins are heavily crashing. Why is Bitcoin finally going up? Altcoins, especially DeFi projects, were all basically in a bull market even though Bitcoin and others were trading sideways. Ethereum was the first to see a breakout above $250 but it seemed that Bitcoin wasn’t following. The stock… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
