The most popular digital currency Bitcoin has faced tremendous pressure in the past two months because of its holder selling. The price continues to under US $ 6,000 / BTC. But in the last week the price of Bitcoin back heated up so that the price back rally through US $ 8.000 / BTC. Guess what makes bitcoin prices high again?
If you would just go and read about the news lately, the driver of this price increase is the CBOE- SolidX ETF application. The decision is due on Aug that's why FOMO got in really in anticipation of a possible approval. So a approval will open a lot of doors for many investors to pour their money into the market. And it was reported that there a good chance that SEC will approved it that's why the price has continued to rally up to the day of the decision. (Not sure though if its Aug 10 or 16).