Bitcoin and Crypto Market Analysis 2.11.2020

Global markets tumbled midweek as continued fears of further coronavirus lockdowns rattled investors. Contrastingly, bitcoin made a dramatic surge towards $14,000 before dipping back down to $13,000. Towards the end of last week, we saw another push upwards, briefly breaching the $14,000 level. Simon Peters, analyst, eToro: Bitcoin rises as analysts run out of superlatives Last week saw bitcoin continue to blister through the $13,000 level, even touching $14,000 before dipping again. Despite these fluctuations in movement and the rapid dip following the rapid rise, I am happy with where we currently stand. It has been 12 years since Satoshi Nakamoto released their white paper on the world’s first crypto asset, which sparked monumental change in how we think about currency. It is now the dominant force in a huge sector, with a community at its back and plenty of growth at its front. From here I would like to…

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