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.
If you found this helpful, Subscribe to The Art of the Bubble’s free newsletter.
Join us on Discord for live chat and daily updates. Find us on Twitter too.
