{"id":38600,"date":"2019-04-02T07:06:10","date_gmt":"2019-04-02T05:06:10","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=38600"},"modified":"2020-02-19T02:01:14","modified_gmt":"2020-02-19T00:01:14","slug":"bitcoin-six-weeks-gains-bloomberg-btc-rally-continue","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/bitcoin-six-weeks-gains-bloomberg-btc-rally-continue\/","title":{"rendered":"Bitcoin Posts Six Weeks Of Gains, Bloomberg Claims BTC Rally Could Continue"},"content":{"rendered":"\n
For the first time in a blue moon, cryptocurrencies have posted consistent gains for the better part of two months. Rhythm Trader, a leading industry analyst that is also known as Alec Ziupsnys, recently pointed out that for the first time since Bitcoin breached $20,000, BTC has posted six weeks of consecutive gains.<\/p>\n\n\n\n
In mid-February, BTC rallied by 2.9%, then 1.58%, 2.86%, 1.73%, a mere 0.11%, and then, most notably, 3.18% over the last week. For those not wanting to deal with a handful of numbers, this represents a ~13% rally ($3,600 to $4,160) that began around February 17th, when this nascent market suddenly a monumental uptick in volume, seemingly resulting in what has been called altseason<\/a> (relatively stable Bitcoin price action as cryptocurrencies, like Cardano, Binance Coin, amongst others, have surged). <\/p>\n\n\n\n