Post
Topic
Board Bitcoin Discussion
Re: Bitcoin over $10,000 for the past 66 days
by
Altryist
on 02/10/2020, 08:31:56 UTC

If the price didn't go below $10K after the news of Trump and Ivanka catching Covid-19 then it going to stay above the price mark, there was a temporary dump when the news filtered out however its seem the price had started picking up, some spot, forex  pair also experienced a fall in the price that shows the strength of fundamentals news with regards to price movement and volatility.

News has always influenced the price movement of bitcoin. I think, now the price was falling due to accusations against BitMEX. The CFTC has filed a lawsuit against BitMEX and its owners, accusing them of illegally doing business in the United States and violating KYC and AML rules.

a source: https://www.cftc.gov/PressRoom/PressReleases/8270-20