RATE Group | Bitcoin’s 2020 Rally; Financial Advisors Opening Clients’ Doors To Crypto
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Bitcoin’s 2020 Rally; Financial Advisors Opening Clients’ Doors To Crypto

22 Jan Bitcoin’s 2020 Rally; Financial Advisors Opening Clients’ Doors To Crypto

Posted at 03:05h in Cryptocurrency News by

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CRYPTO MARKETS

Bitcoin reached its highest level in more than two months this week, climbing to $8,848 on Tuesday. By Wednesday, the price had risen to $8,897. The digital asset has been following a broad, upward trend all week, pushing higher after reaching a 2020 low of $6,852 on January 3.

Some market observers have cited hopes the cryptocurrency will enjoy greater adoption in 2020 when explaining these gains. Others have pointed to anticipation surrounding the upcoming halving, scheduled to take place in May, as another factor in bitcoin’s recent push higher.

Plus, why is bitcoin driving altcoins higher? The short answer: beta. Read more here. 

FINANCIAL ADVISORS CONSIDER CRYPTO

According to a new survey of more than 400 financial advisors conducted by cryptocurrency investment firms Bitwise and ETF…

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