HOT MOMENTS: Bitcoin Soars – We’re Above $113,000, What’s Driving the Surge?

Bitcoin (BTC) has staged a strong recovery, rising above $113,000 after falling to as low as $107,000 during the ￰0￱ leading cryptocurrency, which gained 5% on the day, staged a remarkable rally overshadowed by sharp declines in gold and ￰1￱ price of gold fell 5% today to $4,130, its steepest daily loss in recent ￰2￱ also saw a drop of up to 8%. Despite central bank measures toward quantitative easing, US-China trade tensions, and liquidity stress in the financial system, precious metals had experienced a significant rally in recent months. However, these developments failed to provide the crypto market with the long-awaited ￰3￱ rise is believed to be a “catch-up” to gold's previous ￰4￱ showing the rise in BTC ￰5￱ News: Watch Out: Numerous Economic Developments and Altcoin Events in the Coming Week - Here is the Day-by-Day, Hour-by-Hour List After dipping below $108,000, Bitcoin regained strength, rallying to $113,000.

After gaining 1.6% in the last 24 hours, it surged 2.7% in the last ￰6￱ (ETH) also recovered from overnight losses, rising above $4,000 once ￰7￱ is up 0.86% in the last 24 hours, while Bitcoin's market capitalization has reached $2.25 ￰8￱ traded around $1,100, while XRP gained over 1%, approaching $2.50. Solana (SOL) rose 1.15% to reach $193. Dogecoin (DOGE) rose 1.5% to trade in the $0.20 range. *This is not investment ￰9￱ Reading: HOT MOMENTS: Bitcoin Soars – We’re Above $113,000, What’s Driving the Surge?