Bitcoin

King of Cryptocurrencies: From Banks to Funds to Offices All are talking about Bitcoin

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In December 2017, Bitcoin quickly surged to a new level, with a record high of $20,000.  The primary cryptocurrency had given more reasons to complain about the crypto for the investors, mainstream media and traders; they called it a bubble and pointed out to serious losses as the reason why the asset could die a slow death. This made many of them to cancel the assets completely, and most of the support towards blockchain and cryptocurrency had vanished ever since then.

Despite following a remarkable strong rally in Bitcoin at the previous night, the king of cryptocurrencies has allowed the world to speak over it again, from banks to funds to offices to brokers and even others. The price of the Bitcoin is again back to the main focus; restoration in the interest will direct the price of all the leading crypto by market cap back to glory.

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Headlines of Major Media Outlets is about Bitcoin Again

We should never underestimate the strength of a mainstream media outlet. The headlines made by media will significantly affect behavior and decision-making process. The stable headlines of Bitcoin made the crypto to reach a new level in the year 2017 and took the world by storm.

From then onwards, it’s been a steady highway, and difficult, the prolonged bear market has shocked and damaged even the most hardcore of Bitcoin bulls. Bitcoin was surrounded by excitement, but the enthusiasm has all disappeared from the cryptocurrency market.

Meanwhile, the latest overnight bitcoin rally has all broken the major levels and allowed the world beyond the cryptocurrency space to speak on bitcoin (BTC), for the first time ever since its highly-popular-parabolic progress and the hope that it may gain its fame back.

Alex Kruger a New York-based dealer posted on Twitter about the news by writing-

“Everybody outside of crypto is talking about bitcoin today from banks to funds to family offices to brokers.”

The claims are backed by the Google search and also by mainstream media outlets namely, New York Time, Yahoo Finance, Bloomberg and Wall Street Journal. Every media publication within their headline options has spoken on Bitcoin.

Technology-based websites were not behind in mentioning about the Bitcoin. Gizmodo is currently covering the news related to large Bitcoin rally of around $4,800. Meanwhile, Twitter and several other social media platforms are also answering the effective rise of Bitcoin.

Media Blitz to launch New Crypto Bull Run

Headlines are now becoming a subject to speak for most of the investors and traders across the world. The same community that noticed the surge of Bitcoin in December by reaching to the level of $20,000 are now understanding that Bitcoin was failed due to decline in the stand that could indicate the end of the bear market and a new crypto bull could start.

Bitcoin will continue to surge from here onwards; every time when it breaks a price level, it creates a bigger headline as this time, awareness over the first ever cryptocurrency is better than the previous bull cycle.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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