• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Crypto hackers Cover protocol lucky as hacker returns stolen $3m OneCoin scam lawyer

    Crypto hackers lay siege to rapper’s YouTube to promote BTC/ETH scam

    Ethereum price

    Ethereum price expected to cross $1,300 as bulls dominate the markets

    TaxBit

    TaxBit receives investment funds from PayPal and Coinbase

    Cardano price prediction_ ADA to retest $0.35, analyst

    Cardano price prediction: ADA to retest $0.35, analyst

    Crypto market cap

    Crypto market cap reaches ATH: crosses $1 Trillion

    Litecoin price prediction_ LTC to $180, analyst

    Litecoin price prediction: LTC to $180, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Ripple

    Ripple can serve as a bridge between CBDCs

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Crypto hackers Cover protocol lucky as hacker returns stolen $3m OneCoin scam lawyer

    Crypto hackers lay siege to rapper’s YouTube to promote BTC/ETH scam

    Ethereum price

    Ethereum price expected to cross $1,300 as bulls dominate the markets

    TaxBit

    TaxBit receives investment funds from PayPal and Coinbase

    Cardano price prediction_ ADA to retest $0.35, analyst

    Cardano price prediction: ADA to retest $0.35, analyst

    Crypto market cap

    Crypto market cap reaches ATH: crosses $1 Trillion

    Litecoin price prediction_ LTC to $180, analyst

    Litecoin price prediction: LTC to $180, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Ripple

    Ripple can serve as a bridge between CBDCs

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Bitcoin News

Bitcoin price 30 percent hike times with Dow Jones high

Saad B. Murtaza by Saad B. Murtaza
October 26, 2019
in Bitcoin News
2 min read
Bitcoin price 30 percent hike times with Dow Jones high
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

The king of cryptocurrency Bitcoin (BTC) seems to be moving with Dow Jones. Bitcoin price hike to up to thirty-percent (30%), and the crypto market surged on the day the United States Stock indices, S&P 500, reached its preceding all-time peak price.

In one of his recent tweets, Kevin Kelly talks about this increase in prices:

US stocks up. EM up more. $BTC up. Bonds down. Nice little risk-on day to close out the week.

Stay tuned next week as we check back in on the SPX’s latest attempt to break out to fresh ATHs.

— Kevin Kelly, CFA (@Kevin_Kelly_II) October 26, 2019

RelatedPosts

Bitcoin price prediction: BTC to $43,000, analyst

Bitcoin price analysis – BTC eyes $40,000 as bulls push forward relentlessly

Bitcoin supply liquidity on the decline

Bitcoin price prediction: Analyst suggests hodling

 

Thomas Lee has also tweeted about BTC’s recent rally, stating that how it’s mostly ‘risk-on’:

+12% rally in #Bitcoin coinciding with strong equity day as S&P 500 nearing all-time highs…

– a reminder of the 'unpopular' opinion that the bitcoin performs best when S&P 500 rallies.

– best years Bitcoin when S&P 500 return >15%.$BTC mostly retail, thus, mostly 'risk-on'

— Thomas Lee (@fundstrat) October 25, 2019

The Bitcoin price Boom

Though the recent Bitcoin price surge is supposedly based on equities and risk assets extending their upper limits.

On Friday, the Chinese President, Xi Jinping, publicly supported the blockchain technologies while he endorsed their adoption by various industries.

BitcoinEconomics.io is a Twitter account that has posted about the crypto market’s exceptional performance on Friday and Saturday. They think that the move was caused by the news about Xi Jinping backing the blockchain technologies.

The analyst believes that the President’s statement has caused traders to venture on an influx of demand for BTC and other cryptocurrencies, which is why they started to purchase the crypto assets altogether.

Bitcoin never ceases to amaze. This 42% move was clearly speculation-driven because of China announcing blockchain technology as a priority. Many Chinese OTC traders expecting a lot of demand in China and buying like hell. https://t.co/TmXX1BnbmI

— BitcoinEconomics.io (@BitcoinEcon) October 26, 2019

 

It is believed that the market is surged by two major news that can have long term effects. The news about the Federal Reserve being assigned to injecting more capital into the financial system so that it functions smoothly, along with the news about Bakkt Bitcoin futures surpassing their all-time high, is what may have also triggered bullish trends in the crypto market.

Additionally, there was a convergence of certain technical factors, where traders believed that sellers became exhausted after a forty-seven percent (47%) drop from the cryptocurrency’s peak value of fourteen thousand dollars ($14,000) for 2019, to the price of seven thousand and four hundred dollars ($7,400).

Saad B. Murtaza

Saad B. Murtaza

Journalist, Writer, Editor, Researcher, and Strategist with over 10 years of experience in the digital, print and public relations industries, Saad has been working with the mantra, Creativity, Quality and Punctuality. In his waning years promises to build a self-sustaining institute that provides free education. Carrying a diverse portfolio he has studied and written on topics related to cyber crimes, scams, blockchain, and cryptocurrencies.

Related Posts

Bitcoin price prediction: BTC to $43,000, analyst
Bitcoin News

Bitcoin price prediction: BTC to $43,000, analyst

January 7, 2021
Bitcoin price analysis – BTC eyes $40,000 as bulls push forward relentlessly
Bitcoin News

Bitcoin price analysis – BTC eyes $40,000 as bulls push forward relentlessly

January 6, 2021
Bitcoin
Bitcoin News

Bitcoin supply liquidity on the decline

January 6, 2021

Follow Us

  • 40.6k Fans
  • 8.3k Followers

Latest News

Crypto hackers Cover protocol lucky as hacker returns stolen $3m OneCoin scam lawyer

Crypto hackers lay siege to rapper’s YouTube to promote BTC/ETH scam

January 7, 2021
Binance Coin price prediction_ BNB to $56, analyst

Binance Coin price prediction: BNB to $56, analyst

January 7, 2021
Ethereum price

Ethereum price expected to cross $1,300 as bulls dominate the markets

January 7, 2021
TaxBit

TaxBit receives investment funds from PayPal and Coinbase

January 7, 2021
Cardano price prediction_ ADA to retest $0.35, analyst

Cardano price prediction: ADA to retest $0.35, analyst

January 7, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 1

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2020 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.