Bitcoin Price Hits $8,939 in New 2019 High: What’s Driving the Hypnotic Rally?

By CCN: In the U.S. market and on strictly regulated crypto exchanges such as Bitstamp and Coinbase, the bitcoin price surpassed $8,900 to achieve a new 2019 high at $8,939. Within merely hours, the bitcoin price climbed from $8,000 to $8,939, by more than 11.7 percent against the U.S. dollar. The abrupt upside movement of the bitcoin price follows its 100 percent year-to-date gain against the USD. As of May 27, bitcoin is up 136 percent year-to-date with the “real 10” volume of BTC hovering at $1.6 billion. The “real 10” volume, which calculates the real daily spot volume of

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from Altcoin News – CCN http://bit.ly/2YR6vIq