Bitcoin Eyes $30K as UK Vaccine Approval Boosts Risk Appetite

Bitcoin Eyes $30K as UK Vaccine Approval Boosts Risk Appetite

Bitcoin secured yet another record high level on Wednesday, helped by news of Anthony Scaramucci’s SkyBridge Capital investment’s investment into the cryptocurrency space. The benchmark cryptocurrency topped at $28,580 during the Asian morning session after reports revealed that the investment management firm had purchased $182 million worth of Bitcoin. The news soon followed a dramatic […]

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How Bitcoin Could React To Promising Moderna Vaccine

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Bitcoin dumps on news of successful COVID-19 vaccine trials

Bitcoin apparently did not like all the fanfare regarding over good results in a COVID-19 vaccine trial. Bitcoin (BTC) fell sharply in price this morning as pharmaceutical company Pfizer, in collaboration with biotech company BioNTech, announced a breakthrough in its COVID-19 vaccine.Bitcoin fell approximately $1,000, over 6%, Between 7 and 10 am EST today on the vaccine news, from $15,800 down to a daily low near $14,815, based on TradingView data. Crypto's pioneer asset bounced slightly by time of publication, sitting near $14,908. Source: TradingView.comEarlier this morning, Pfizer....

Bitcoin Looks at COVID-19 Vaccine As Its Next Potential Bullish Narrative

A vaccine merely triggers inflation, allowing more institutions/investors to exchange their cash holdings for the cryptocurrency.