Bitcoin Just Hit a New All-Time High. Here Are 3 Tailwinds Boosting the Leading Cryptocurrency.

Well, that was fast. On Aug. 14, Bitcoin (CRYPTO: BTC) hit a new all-time high of $124,000, and crypto traders were buzzing about a potential mind-blowing, year-end rally for the world's most popular cryptocurrency.But less than a week later, Bitcoin is back down to $115,000, and there's much less certainty about its future trajectory. Here are 3 factors that could determine where Bitcoin heads next.At one time, Bitcoin was completely uncorrelated with any major asset class. Money flowed into and out of Bitcoin regardless of what was happening around it. But not anymore. Amidst a wave of institutional adoption, Bitcoin is starting to respond to the same types of macroeconomic factors as more traditional assets.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool