Baxia Markets
October 02, 2021

Bitcoin had a record surge surpassing the entire July in just minutes

fundamental analysis top header -01


According to Coinbase data, bitcoin was trading at around $47,700 on Friday morning, up roughly 10% from $43,650 at midnight. During the first hours of October, other cryptocurrencies also soared. Both Ethereum and XRP increased by roughly 8% to $3,230 and $1.03, respectively. Analysts believe that some of the bitcoin gain is due to investors "buying the China ban." On September 24, China tightened its grip on cryptocurrency trade and mining, causing the market to plummet.




In an interview at CNBC's Delivering Alpha 2021 conference on Wednesday, Orlando Bravo, co-founder and managing partner of private equity firm Thoma Bravo, stated his consistent support for the cryptocurrency market, stating that he is "extremely positive" on his personal investment in Bitcoin. As of June 30, 2021, the billionaire businessman owns one of the world's largest private equity businesses, with $83 billion in assets under management (AUM).


We love to hear new ideas from traders and want to know what you think! 


If you like this topic and want to suggest future topics that you find helpful, let us know by clicking the ‘submit your feedback’ button below.


Open Live Account  


Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. 


Nothing contained in this website should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.

Subscribe by Email