Bitcoin's price surged from $3,690 to $3,950 a 7.11% increase over the past 24 hours according to coinmarketcap. The massive plunge today in the stock market is due to the news from North Korean foreign minister Ri Yong-hi according to him Donald Trump declares war against North Korea. Now the North Korean government threatens us and it's war planes saying that they will shoot them down if they're in the North Korean airspace. Also today fiat currency took a punch u.s. dollar and Japanese Yen declined in value as Bitcoin went up in value Bitcoin is really Unstoppable bitcoin price went up in the last 24 hours $260 but still struggling to surpass $4,000 mark. Investors and Traders in the United States Japan and South Korea which have the three of the largest Bitcoin exchanges markets in the world in terms of trading volume are turning towards Bitcoin to avoid the evaluation of their assets, using Bitcoin as their Safe Haven. It looks like major volatility worldwide in the markets is a positive indicator for Bitcoins growth. Global Bitcoin exchanges markets are finding stability, also Japan has already evolved into the largest Bitcoin exchange Market with around 50% of the market share and trades in cryptocurrency from the Chinese, all the bad news out of China drove crypto currency markets in to Japan South Korea and the US. It's looking like Bitcoin is a true Safe Haven for asset at this point also you can't go wrong with buying gold and silver either, but I'm glad to see that Bitcoin joined the Safe Haven Clan with gold and silver. Thank you for checking out my post Vote Resteem Thank You and Steem On!
Nice article, some well laid out points. But I am still bearish on btc for q4\2017.
Here's why
After the whacking cryptos took the past couple weeks, I am not surprised by this. They were looking for a breakout.
I would not be surprised to see $6000 on this run up.
I think you may be very right on this next run for Bitcoin