February 19, 2023
- BTC peaked over 25,000 this past week and is up almost 50% year-to-date.
- Even with the U.S regulatory crackdowns intensifying, BTC managed to perform the best it has in over 8 months.
- It may even be a coincidence because BTC has had a lengthy rally since January.
Our two hypotheses are: one, the Chinese market spiking up could be fueling BTC; two, as a result of everything that has been surrounding Binance, there could be buying pressure being pushed from Binance, towards Bitcoin.
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