Top Reason Why Bitcoin Price Surge Above $20K?

For Bitcoin supporters, the past few days have been a turmoil due to unfavorable price movements. After falling to the $19,000 mark on June 18th, Bitcoin appears to have likely cleared the way for a new bottom. The recent Bitcoin mining data confirms this perspective. Nevertheless, this newfound market price represents a variety of variations …

Timeline of Bitcoin

Over the last weekend, Bitcoin (BTC) witnessed heavy selling as the BTC price took a dive all the way to $18,000. Since then, Bitcoin has recovered by more than 10% and is currently flirting around the $20,000 level.

El Salvador's bitcoin-friendly President Nayib Bukele has shared a very important piece of advice to all Bitcoiners as the cryptocurrency ecosystem has continued to take a deep dive down.

Bitcoin, the world's biggest and best-known cryptocurrency, was up more than 16% from this year's low of $17,592.78 on June 18, when it tumbled on investor worries about growing troubles in the crypto industry and amid a general pull-back from riskier assets.

Popular anti-crypto proponent Peter Schiff is once again making headlines following his latest prediction. The Euro Pacific Capital Inc. CEO recently claimed that he expects the future of the crypto-industry to be quite different from what it has been.

Barry Silbert, CEO and founder of Digital Currency Group – the parent company of Grayscale, Genesis Trading, and more, says they are buying Bitcoin as the world's most popular crypto trolls 52-week lows. The tweet has been liked almost 12,000 times – probably by beleaguered.

“Black Swan” author Nassim Nicholas Taleb advised investors in Bitcoin (CRYPTO: BTC) and other cryptocurrencies who followed recommendations from influencers to keep screenshots. What Happened: Taleb said in a recent Tweet that Bitcoin will be a “gold mine” for lawyers.

The president of El Salvador has some advice for bitcoin investors. He believes investments in the largest cryptocurrency are safe and will “immensely grow” after the bear market. El Salvador's President on Bitcoin Investments The president of El Salvador, Nayib Bukele, has spoken up about bitcoin investments amid BTC's heavy sell-off. El Salvador has purchased

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. This week, we posed the following question to Benzinga visitors: How much Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) do you think Elon Musk owns?

A closely followed crypto analyst is identifying three catalysts that could lead to a reversal of Bitcoin (BTC) as the benchmark cryptocurrency hovers below $20,000. In a new strategy session, the host of InvestAnswers tells his 441,000 YouTube subscribers that the price of BTC could further drop if MicroStrategy CEO Michael Saylor decides to sell The post These Three Catalysts Could Spark a Bitcoin (BTC) Reversal, According to Top Crypto Analyst appeared first on The Daily Hodl.

On-chain data shows the Bitcoin reserve of derivative exchanges has surged up recently as the price of the crypto has continued to crash down. Bitcoin Derivatives Exchange Reserve Observes Sharp Uptrend As explained by an analyst in a CryptoQuant post, the crashing BTC price may be forcing whales and long-term holders to open short positions in order to hedge their portfolios.