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Bitcoin Jumps Up 7% Due To Series of Bullish News

Bitcoin Jumps Up 7% Due To Series of Bullish News

Bitcoin has surged more than 7% in the markets as bullish and positive developments in Bitcoin and cryptocurrencies surfaced on the web. It’s currently trading at $7,344 on WorldCoinIndex at the time of this writing.

The biggest news comes from Goldman Sachs, where the new CEO is a huge proponent of cryptocurrency. Bloomberg reports that CEO David Solomon has confirmed that the company is now offering customers publicly-traded Bitcoin derivatives.

“We are clearing some futures around Bitcoin, talking about doing some other activities there, but it’s going very cautiously, we’re listening to our clients and trying to help our clients as they’re exploring those things too.”

The bullish news also comes from Steve Cohen, the billionaire investor, who’s investing in Autonomous Partners, which is a new hedge fund that’s acquiring both equity stakes and cryptocurrencies in blockchain-related companies and blockchain solutions.

BlackRock is also reported to be looking for an entry position into the world of crypto. They’re the world’s largest asset manager with over $6.3 trillion in assets.

US-based crypto exchange Coinbase has just launched Coinbase Custody. It’s bringing new money into the pool from Wall Street. They also just qualified to operate as a broker-dealer and can now offer crypto securities to investors.

It’s a good time to be a bull. The bull rush has shot BTC’s value up significantly for the first time since the June Gloom. It just goes to show the volatility of Bitcoin in the markets and the rapid-fire nature of the cryptocurrency.

Long-time reader of crypto. One of the first graduating classes of Blockchain and Future Trends. Writer, journalist, and newbie technical analysis price speculator. Learning about the development of cryptocurrency and blockchain technology around the world is my job. ICOs, whitepapers, and cryptoculture are my things.

Disclaimer: Our authors may hold active positions in one or multiple cryptocurrencies discussed on this news portal. Opinions expressed at AWSMO are NOT investment advice and any investment in one or more cryptocurrencies may be high-risk and extremely volatile. Please due your due diligence before making any investments in any cryptocurrency. Your investments are your own risk and you assume full responsibility for your actions.

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