BITCOIN hits $28,000

Goldmann StaxxMarkets, Staxx News Leave a Comment

Bitcoin continued it’s massive holiday run since entering price discovery and topped out at $28,000 per coin briefly before consolidating at current $26k – $27k range for weekly close.

Bitcoin Weekly Chart
Bitcoin 4hr chart

Several factors have fueled this run including a weakened US dollar/hedging, institutional purchases, and renewed retail interest.

Bitcoin price is at all time highs, although coverage continues to be suppressed by mainstream media. Leading to further speculation that institutions are attempting to keep the lid on bitcoin while trying to play “catch up” before a massive retail exodus away from state issued currencies.

You heard it right, USD has competition for the first time… ever.

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