Is Brexit Chaos Lifting Bitcoin Out of the Bear Market?

Bitcoin price breaking $5,000 has everyone and their mum scrambling around to work out what might have caused it. Let’s take a look at some of the key contenders (Brexit included), before settling this once and for all. Because… April Fools Joke? One of the first suggestions to hit crypto-Twitter can be blamed on the breakout’s unfortunate timing. Yep, and even went as far as reporting that the whole thing could be down to an April Fools joke. The joke in question? A spoof article on s, claiming that the SEC had approved two Bitcoin ETFs in an emergency Sunday night meeting. There are two problems with the theory: Firstly, Finance Magnates. Fair play to FM for the gag (it was certainly one of the most creative in the crypto-space this year). However, the idea that the whole crypto-verse read that article, and despite nobody else reporting the story, decided…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE