Why Is The Bitcoin Price Surging Toward $38,000 Today? | Bitcoinist.com
The Bitcoin price saw a substantial surge on Sunday that brought it from the low $36,000s that dominated the majority of the weekend....
- The Bitcoin price experienced a surge on Sunday, rising from the low $36,000s to above $37,000.
- The rally was triggered by the victory of Javier Milei, an Argentinian presidential candidate with a pro-Bitcoin stance.
- The renewed faith in investors led to a jump in trading volume and the Bitcoin Fear & Greed Index returning to greed.
- Support for the Bitcoin price formed above $36,800, with bulls now in control.
- Tether's entrance into the Bitcoin mining sector also provided support for the cryptocurrency.
- The bullish narrative surrounding Bitcoin could potentially push the price above $38,000.
The sentiment surrounding Bitcoin is currently bullish, with investors showing renewed faith and the price experiencing a significant rally.