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The Bitcoin price moved 42% in the past 12 hours making it the 4th largest gain in history and the largest since May 10th, 2011.
The Cryptocurrency markets have been on fire with a $55 Billion cash injection making it one of the largest pumps in recent history.
3 reasons why the BTC price surged:
1 – President Xi Jinping supports blockchain in China.
2 – CME Bitcoin futures expired yesterday (4PM London time, last Friday of the month).
3 – Crypto Capital CEO arrested. Exchanges, such as Bitfinex, may get some of the seized 850 million back.
Anthony Pompliano tweeted, “BREAKING: Chinese President Xi Jinping just publicly supported China going all-in on blockchain technology across their economy.
This will be the space race of our generation. America has to embrace the technology, including Bitcoin, or we risk being left behind.”
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
News Resources From Today’s Show:
$BTC has moved +42% today– 4th largest gain in history and largest since May/10/2011 (if comparing against daily returns).– 15th largest two-day gain in history, Nov/18/2013.Thank you China.
President Xi is the true Crypto Dad.
— Alex Krüger (@krugermacro) October 26, 2019
∙ Today’s volume so far: 1131 BTC∙ Last traded price: $8,622.50
∙ Trading day progress: 54% (if this continues: 100% equals to 2095 BTC)
— Bakkt Volume Bot (@BakktBot) October 25, 2019
3 reasons why #Bitcoin surged today:> CME Bitcoin futures expired today (4PM London time, last Friday of the month).> President Xi Jinping supports blockchain in China.
> Crypto Capital CEO arrested. Exchanges, such as Bitfinex, may get some of the seized 850 million back.
— Gabor Gurbacs (@gaborgurbacs) October 25, 2019
BREAKING: Chinese President Xi Jinping just publicly supported China going all-in on blockchain technology across their economy.This will be the space race of our generation.
America has to embrace the technology, including Bitcoin, or we risk being left behind.
— Pomp 🌪 (@APompliano) October 25, 2019
Someone tell President @realDonaldTrump that there are only 21 million Bitcoin and China is planning to buy them all. This is going to be the real US – China competition.That should get him to pay attention.
The guy hates losing and will try to buy them all😂🙈
— Pomp 🌪 (@APompliano) October 26, 2019