Bitcoin Tops $100,000 Again. Is the Leading Cryptocurrency Entering a New Bull Market Cycle?
On news of positive developments on the global trade front, Bitcoin (CRYPTO: BTC) once again regained the $100,000 price level. The euphoria in the crypto market was palpable, and just about every top cryptocurrency moved higher as soon as the first trade deal was announced.The new thinking is that Bitcoin is about to go on another one of its famous bull market runs, taking it to new all-time highs. But is that really the case?While the White House's announcement of a new trade deal with the U.K. is certainly reason for optimism, a closer reading of the "deal" reveals that it is really more of an agreement, and that tariffs are not going away.Continue reading
On news of positive developments on the global trade front, Bitcoin (CRYPTO: BTC) once again regained the $100,000 price level. The euphoria in the crypto market was palpable, and just about every top cryptocurrency moved higher as soon as the first trade deal was announced.
The new thinking is that Bitcoin is about to go on another one of its famous bull market runs, taking it to new all-time highs. But is that really the case?
While the White House's announcement of a new trade deal with the U.K. is certainly reason for optimism, a closer reading of the "deal" reveals that it is really more of an agreement, and that tariffs are not going away.
