RATE Group | Bitcoin Showing Signs Of A Big Move Higher
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Bitcoin Showing Signs Of A Big Move Higher

06 Jan Bitcoin Showing Signs Of A Big Move Higher

Posted at 07:58h in Bitcoin News by

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Friday’s trading sessions saw speculators and investors pouring into Bitcoin as a risk-off asset.

Attempts to sell-off the rally failed; weekend trading shows hints of higher moves.

Death of Iran’s #2 causes extreme volatility across all markets

Bitcoin (BTC)

Yesterday (January 3rd, 2019) was one heck of a trading day. When it was announced that the US targeted one of the worlds leading financiers of terrorism, markets reacted violently. Oil spiked up nearly +5% and ultimately closed higher for a +3.06 gain. The NASDAQ moved as much as -1.86% lower but retraced a good amount of that loss to close at -1.04%. The S&P 500, likewise, advanced as far as -1.67% lower only to retrace nearly half of that amount to close Friday with a -0.80% loss. Both the NASDAQ and the S&P 500 made new all-time highs during the overnight trading sessions. Gold and Silver also experienced some big…

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