Ether is up over 11% in the past 24 hours.
Blog Info | CoinDesk |
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Blog website | Link |
Stats | Has written 8 posts about cryptocurrency |
Bitcoin's price is approaching a new all-time high, but bitcoin is not yet the replacement for gold many think.
Bitcoin's price is approaching a new all-time high and there are a few reasons why it has been performing so well.
In their “Flows & Liquidity” report, JP Morgan analysts say institutions are piling into bitcoin at a stronger pace this quarter than they were in Q3 and may have a bigger role in price movement than quantitative traders.
Fewer new bitcoin may be hitting the market because miners in China can't sell their bitcoins due to a crackdown by their government.