On this edition of the Crypto.IQ Daily Radio Show we do a deep dive market analysis. Bitcoin (BTC) has continued to run with the bulls and has reached a new 2019 high of $12,800. Notably, during the major rally in 2017 it only took 11 days for Bitcoin (BTC) to rise from this level to the all-time high of $20,000. Also, the 313% gains for Bitcoin (BTC) since the bear market low are equivalent to the past 23 years of gains on the Dow Jones Industrial Average (DJIA). Altcoins continue to do poorly relative to Bitcoin (BTC), causing the Bitcoin (BTC) dominance percentage to rise to 61%. Burstcoin (BURST) has bucked the downward altcoin trend and is up 150% in the past week. We discuss the fundamental factors behind this Bitcoin (BTC) bull run, including Chinese capital outflows, the stock market hitting its zenith with a likely recession incoming, potential war with Iran, and the May 2020 block halving. The CME Bitcoin Futures Expiration is on Friday, but the strong fundamentals behind the Bitcoin (BTC) rally may overwhelm the influence of CME Bitcoin Futures traders. Learn about how Square has begun accepting Bitcoin (BTC) deposits for the Square Cash App, which essentially turns the square card into a crypto debit card. Hear about how Bitfinex is launching 100X leverage margin trading to compete with BitMEX.
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