A Price Rally for Investors

On the 6th of April  2020, Bitcoin finally pushed the $7000 barrier with a solid close at $7,271 as trading ceased. This represents a 7.12 percentage gain over the last 24 hours for investors and a $483 dollar term rise for closing sellers. Since the global outbreak of the COVID-19 virus, this stands thus far as Bitcoin's biggest rally in twenty-five trading days.

A Safe Haven during tough times?

Bitcoin and its fellow cryptocurrencies are being touted by many as a safe haven during the ongoing stock-market gouge afflicting Wall Street. A promising total of 280,342 transactions were authorised and sent yesterday for Bitcoinalone- denoting a marked increase in investor interest and participation. However, Bitcoin still trails far behind its coveted all-time high of $20,089 that we saw back in 2017- but steady annual progress and rising media attention and corporate adoption may contribute to further gains. A surge in Twitter traffic may be indicative of this renewed interest as traditional financial institutions and investments are placed in ever riskier scenarios with the ongoing pandemic plummet; yesterday alone it was found that over 30,000 unique tweets regarding Bitcoin were sent and Instagram Tagging data also point towards a surge of Bitcoin-related media.