Thursday, October 22, 2020

Tag: Behind The Recent Crypto Surge? Chinese Banks Are Quietly Running Out Of Dollars

Behind The Recent Crypto Surge? Chinese Banks Are Quietly Running Out Of Dollars

from ZeroHedge:

Cryptocurrencies have had a good run in recent weeks, as a sudden renewed demand has lifted all boats and taken Bitcoin back near $6000 this morning…

The catalyst has remained unclear – anticipation of an ETF? Growing institutional interest? Short-squeeze? Manipulation? Or, just plain old safe-haven flows as various nations around the world collapse into totalitarianism?