I have to admit that I was expecting a correction for Bitcoin these days. A pretty hard one, something close to $6,000. Bitcoin however "decided" to do the opposite and got close to $8k this afternoon trading at the moment of writing at around $7,800.
The rest of the market has followed the trend but not at the same pace of course. Checking my balances I have to say that they are on a decent growth in USD but on satoshis it's not looking too good and only ETH can make me proud of my investment choices. Enjin on the other hand is a disappointment... for the moment.
There are some good news though that "helped" the price of Bitcoin to threaten the $8,000 barrier and not just "pure luck". The most important in my opinion is the news regarding Bakkt and its futures BTC products that will be launched as of July, this year.
Another fueling good news that pumped the crypto markets recently has to do with Bitfinex Raising Staggering $1 Billion in a private sale. Sounds pretty good to see institutions finally taking crypto assets serious after loading their bags of course while dumb money sold waiting to buy back at $1,000. Great strategy...
I think that they were pulling cords behind the curtain for some good amount of time but they needed to buy cheap Bitcoin to have what to sell in the next bull run when newbies and fresh new money will enter the arena. Hence they pulled the crypto train back, BECAUSE THEY CAN, jumped in with the bags loaded and now all they need is advertising. From Facebook, from crypto news outlets, google and... yeah you got the point.
What do you think Bitcoin will be worth by the end of the month? Do you think we will have a bull run this year for Bitcoin AND altcoins?
Thanks for attention,
Adrian
