Bitcoin has outperformed nearly every other traditional asset this year. With an epic surge of almost 270% in 2019 the FOMO has been palpable; almost something you can physically touch. Something huge could be driving it, like one nation including BTC as a reserve asset, or it could just be the nature of things on crypto markets.





BITCOIN VOLATILITY HIGH BUT MOMENTUM REMAINS





Major volatility has returned to the crypto markets over the past week. Bitcoin started out on Monday trading at just over $10k after breaking this psychological barrier. Since then the king of crypto has surged a mind-blowing 30% to top out at $13,800 a few hours ago.





What followed can only be described as a flash crash, dumping $2k in less than 2 hours. Bitcoin rapidly shrugged it off however and quickly returned back to just below $13k where it currently trades $12467.7-1.08%.









Many have been looking for solid fundamentals to explain this monumental momentum. Economist and trader Alex Krüger hypothesized that one major nation could be stocking up on BTC in preparations to use it as a reserve asset.





“$BTC is trading as if a large nation were about to announce the inclusion of bitcoin as a reserve asset. That’s how bullish price action has been. The buying pressure during the Asian session was extraordinary.”

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