Bitcoin is Calling Back the Bulls and Catching Up with the Stock Markets
Bitcoin has been continuously rallied in the price for 5 days. It seems like Bitcoin started to win its investors back and catch up with the stock market where it used to be left behind. The same reason caused a rebound in the stock market works for Bitcoin this time as well. Further stimulus expectations from the U.S. government attracted the investors to buy more Bitcoin to meet their inflation hedging strategies. Likewise the stock markets, Bitcoin could further benefit from the risk-seeking atmosphere in the market at the moment.
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