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Thursday

26 November 2020

Not just Wall Street: Quant trader explains why Bitcoin price is going up

Not just Wall Street: Quant trader explains why Bitcoin price is going up


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Quant trader explains why Bitcoin price is going up.

The catalysts are increasing adoption, whales, inflows from other products into Bitcoin and influence from other markets.

Atop these factors, Cointelegraph reported that the Bitcoin exchange reserves are also declining at a rapid rate.

If so, the medium-term prospect of Bitcoin remains bright, particularly considering that many macro and technical factors are buoying the market sentiment.

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