#markets

Bitcoin could be set for a comeback after climbing 10 percent over the last 24 hours to hit a high of $7,523 in the early hours on Wednesday. The compounded crypto market capitalization is nearing the $300 bln mark, last seen over a month ago, on June 12, 2018.

As predicted by numerous experts before, Donald Trump’s presidential election win caused bitcoin price to rise. The recent hours’ events have fully confirmed the predictions.

Following the continuing unrest at global markets, especially China, the bitcoin exchange rate skyrocketed to $455 at the time of writing. Overnight volatility in China has caused the American stocks to open sharply lower. The Chinese capital outflow restrictions and continuing economic slowdown have been cited among the main reasons for recent ascension of bitcoin’s […]