Hi steemians how are you all. I hope you all are good. Today I am writting a article about why Price of BTC and crypto market storming higher. I hope you all like it and gave me support.
Why the price of BTC and market racing higher?
There are a few reasons why crypto traders have become bullish again.
• The first is news that exchange traded fund giant BlackRock is looking into cryptocurrencies and blockchain. While there is no confirmation that BlackRock has plans to launch a crypto ETF, some traders appear optimistic that one is coming.
• Considering BlackRock manages over US$6 trillion worth of assets, a potential launch could attract significant funds to the crypto market. This could support or even lift prices.
• In addition to this, the finance world’s toughest exam is about to get a little bit harder. According to the Bloomberg, the CFA Institute intends to add topics on cryptocurrencies and blockchain to its Level I and II curriculums for the first time in 2019. This may give traders confidence that crypto assets are more than a fad and here to stay.
• Furthermore, CoinBase recently advised that it plans to add five new alt coins to its trading platform. These include Cardano(ADA) and Stellar (XLM). Unsurprisingly, these two coins have been amongst the best performers this week.
Should you buy Bitcoin?
While sentiment is increasingly positive at the moment, there’s no guarantee that it will last.
I’m optimistic that Bitcoin could make a successful run for the US$8,000 level this month, but I’m not in a rush to part with any hard-earned money. Instead, I’ll be watching on from the safety of the sidelines.
And focusing more on this next major investment opportunity that shouldn't be missed.
Share your views with me about bullish behaviour of market in comment section.
