Bitcoin has been on a upward move since April 12 when it hit a recent low of $6,850. Bitcoin fell to around $9,600 Saturday evening, with another leg down to $9,350 on Sunday afternoon. Bullish news flow last weekThere was some bullish information flow last week, which helped Bitcoin move from $9,000 to its $9,950 peak on Saturday. He added that Bitcoin has aspects that it is a virtual asset like gold, only that it is digital. These are additional indications that Bitcoin and cryptocurrencies could become an appropriate investment for a much wider range of individuals and organizations.

Source: Forbes May 07, 2018 18:22 UTC