Bitcoin prices are flying on Monday, up more than 10% to records.
In fact, the entire cryptocurrency space is moving higher, with etherium, bitcoin cash and others rallying as well.
With hedge funds, reputable traders like Paul Tudor Jones and now companies like Tesla getting involved in bitcoin, investors are wondering how much potential the crypto industry could have. Read more…..
Chart of the Day
If Bitcoin retraces $20,000 and falls below that key support level, then “something is wrong” said Florian Grummes, managing director of Midas Touch Consulting.