Crypto News

BTC again above $11600

BTC again broke the mark of $11600 fully offset by price fail at $1200, which occurred at the weekend.

BTC has broken the resistance level of $11500, and at the time of writing is trading at a price of $11680. In the last 24 hours the bitcoin has gained more than 4%.

Many experts attribute the bullish rally of bitcoin with the policy of the US Federal reserve. Gábor Gurbax, a strategist in the investment Fund VanEck in the Twitter predicted the US dollar has a bleak future.

He wrote:

The owners of Fiat, there are two options – either to spend until you began a period of powerful inflation or invest the money in speculative markets, inflated printed Central Bank money. Fiat is not an instrument of savings. Many people do not understand.

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