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18 September 2020

Bitcoin Shoots Past the $8,000 Line

Bitcoin Shoots Past the $8,000 Line

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airstrike that killed one of Iran’s most powerful generals was a good test of our premise that the first-born crypto is maturing toward a digital version of gold… Bitcoin should again outshine most crypto assets in 2020 as the unique and appreciating digital version of gold.

Following the air strike the report mentions, bitcoin shot up to $7,300 and has been on something of a roll ever since.

During that time, stocks were repeatedly in the red while bitcoin was firing on all cylinders.

Either way, the bitcoin price is being marked by bullish behavior, while several other leading cryptocurrencies seem to be joining in the march towards green, though at press time, currencies like Ethereum (ETH), bitcoin cash (BCH), Ripple’s XRP and Litecoin (LTC) have all incurred small losses of anywhere between two and four percent.

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