2018-7-25 00:27 |
The bitcoin rally is underway and crypto trader Brian Kelly said the digital coin will likely continue to appreciate in value.
While bitcoin is nowhere near its December highs of around $19,500, the cryptocurrency has steadily increased in the last few weeks alone.
Bitcoin fell below $6,000 in June and left market watchers wondering if the coin had hit bottom.
Kelly explains a few other reasons why bitcoin is on a positive track.
In June, money management firm VanEck tried for a third time to form a bitcoin exchange fund.
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