What Caused Bitcoin to go Parabolic and Hit $8,000 This Week? Factors and Trends

The FOMO has finally returned to crypto markets as scenes reminiscent of late 2017 start to unfold this week. Bitcoin has been the clear leader with dominance almost touching 60 percent and a surge over $8,000 for the first time since July last year.Bitcoin is King At 60%The BTC maximalists are full of hopium again today as their daddy blasted past another resistance zone and hit a new high of $8,050 a couple of hours ago. Asian trading has seen a slight pullback but the bulls are still grabbing the markets by the horns and keeping BTC buoyed up.Trading at just below $8k, Bitcoin is up 14 percent on the day in its second thousand dollar surge this week. At the weekend BTC pumped from $6,300 to $7,500 and many expected a correction which has yet to materialize. Over the past 24 hours BTC has pumped from just over $7,000…

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