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Bitcoin’s on a tear above $5,000 — and these tech giants could spur it higher

From marketwatch.com

Eat your heart out Jamie Dimon and those who mocked the guy who sold everything — shoes, even the kids toys — and moved his family to a campsite to wait for the bitcoin boom. Well, he’s maybe doing a jig around the campsite this morning, as bitcoin shot past $5,000 earlier in Europe trading hours. It’s been fist-bumps and high-fives all around, and a few told-ya-so’s tossed in the direction of Wall Street: Some say the FOMO (fear of missing out) is going to keep pushing this thing higher. In any case, here’s what that chart looks like now, as bitcoin rides the momentum well past $5,100. It’s perhaps time to take ... (full story)

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  • Category: Fundamental Analysis