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Bullish again, Bitcoin Prices Surge

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Bitcoin prices rose sharply yesterday after months of downfall, showing that bullish sentiment has returned to the digital currency markets.

“The bulls are back in charge,” said analyst Charles Hayter, who pointed to Bitcoin’s robust intraday gain and a short squeeze taking place on Bitfinex.

The world’s largest cryptocurrency reached $8,055.20, climbing almost 20% in less than six hours, CoinDesk Bitcoin Price Index (BPI) data shows. Bitcoin prices have encountered several headwinds lately, including tax considerations and the decision of the Mt. Gox trustee to sell hundreds of millions of dollars worth of digital currency, noted David Johnson, CEO of Latium.

Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

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James Barnley

I’m the editor of the DomainingAfrica. I write about internet and social media, focusing mainly on Domains. As a subscriber to my newsletter, you’ll get a lot of information on Domain Issues, ICANN, new gtld’s, Mobile technology and social media.

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