What Is Driving Bitcoin Higher Right Now
Demand for the coin is high, and it's coming from multiple sources.
Overview
Three forces have been driving Bitcoin (CRYPTO: BTC) higher since early August: exchange-traded fund (ETF) inflows, high inflation pushing investors to buy scarce assets, and on-chain signals flashing values that are consistent with their historical lows.
Can those drivers continue to boost Bitcoin's price, or are they about to peter out?
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.