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Bitcoin Price Races to a New Yearly High Placing $10,000 Within Eye-Shot
Francois Aure
Updated
The bitcoin price just made a fresh 2019 high at $9,500. Based on momentum and fundamentals, it could be barreling toward $10,000. | Source: Shutterstock
The bitcoin price just made a fresh 2019 high at $9,500. Based on momentum and fundamentals, it could be barreling toward $10,000. | Source: Shutterstock

By CCN Markets: The bitcoin price surged to $9,500, marking a fresh 2019 high. As the stock market sets a new record, BTC is joining in the party.

 

Bitcoin, BTC/USD,
Bitcoin, BTC/USD,

Bitcoin has soared to a fresh high in 2019, rising above $9,500. | Source: TradingView

Fundamentals Driving Bitcoin

According to eToro Senior Analyst Mati Greenspan in a tweet, fundamentals are driving the bitcoin price higher. He cited institutional adoption, more monetary easing from central banks, and the upcoming bitcoin supply halving all as positives for BTC. Greenspan noted that pure momentum might also be driving BTC/USD to fresh yearly highs.

Read the full story on CCN.com.

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