3 Key Reasons Why Bitcoin Price Just Exploded Past $32,000

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Bitcoin moves past $23,500 for the first time ever after moving to $30,000 on new year’s day. BTC is now up by over 10% in the past 24 hours, pushing the altcoin market higher. There are a number of supply-demand factors accentuating this rally. Analysts think that the market may be nearing a blow-off top. Bitcoin Moves Past $32,500 Bitcoin just moved past $32,500 for the first time ever just minutes ago. As of this article’s writing, the leading cryptocurrency is trading at $32,600 on the top spot exchanges. The altcoin market is also moving higher with Bitcoin’s latest leg higher. Ethereum is up 6% in the past 24 hours, moving to new yearly highs at $772. Analysts are optimistic that altcoins have room to rally but some fear that the BTC market is on the verge of reaching a top. Bitcoin’s latest leg higher come as the U.S. dollar…

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