The market has finally breached the $6000 mark, after months of stagnation and hovering between the $3000 – 4000 range. It has also surpassed the $100 billion market cap valuation. Bitcoin and most altcoins have both been seeing a lot of green lately despite some negative news, such as the Binance hack and the worrying Tether-Bitfinex situation.
Bitcoin’s price does not seem to be heeding the bad news that has been streaming in over the past few weeks, including the controversial Tether-Bitfinex situation and the hack that saw Binance lose 7000 BTC, or roughly $40 million, in one transaction.
Should the market continue on its bullish slope, then perhaps Tom Lee’s prediction that a proper bull market will arrive in about 6 months is not unlikely at all.
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