RATE Group | Bitcoin jumps towards $8,500, Ethereum and Ripple remain bullish
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Bitcoin jumps towards $8,500, Ethereum and Ripple remain bullish

08 Jan Bitcoin jumps towards $8,500, Ethereum and Ripple remain bullish

Posted at 02:56h in Cryptocurrency News by

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  • Bitcoin continues to stir bullish action across the cryptocurrency market with the jump above $8,000.
  • Ethereum targets the resistance at $150 as Ripple bulls resolve to defend the support at $0.21.

The United States-Iran war has had everyone around the globe on edge. Some people worry that this could trigger world war three. On the other hand, the stock market in the US remains volatile amid fears that Iran could retaliate, causing mayhem.

The cryptocurrency market seems to be taking advantage of the situation between the US and Iran to forge ahead. Bitcoin mainly is presenting itself as a safe haven for investors, especially because it is decentralized and can function without censorship from any government. The rest of the cryptocurrency market is reacting in tandem with Bitcoin and there is a possibility that the bullish momentum will continue.

Bitcoin market update

Bitcoin has re-entered the $8,000 territory after a short consolidation between $7,800…

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