RATE Group | Forget The Halving—Is This The Real Reason Bitcoin Suddenly Soared Toward $10,000?
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Forget The Halving—Is This The Real Reason Bitcoin Suddenly Soared Toward $10,000?

18 May Forget The Halving—Is This The Real Reason Bitcoin Suddenly Soared Toward $10,000?

Posted at 09:24h in Bitcoin News by

Bitcoin and cryptocurrency investors are gearing up for the long-awaited bitcoin halving this month—which will see the number of new bitcoin entering the market cut by half.

The bitcoin price has soared this week and is now a strong contender for 2020’s best performing asset, climbing to over $9,000 per bitcoin for the first time since late February.

However, while many traders are betting the bitcoin price will climb as a result of this month’s cut to supply, the latest bitcoin bounce may have happened for entirely different reasons.

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