The Bitcoin Price is Booming, But Here’s Why You Shouldn’t Get Too Excited [Yet]

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The bitcoin price on Friday posted one of its most robust bullish sessions in weeks as it rose as much as 10.5 percent in just twelve hours. The bitcoin-to-dollar exchange rate (BTC/USD) established a higher high towards $3,710, up 10.38 percent from the Asian session open. It was not a matter of technicals only; the fundamentals also played an important role in catalyzing the ongoing bitcoin bull run. Robert J. Jackson Jr., a commissioner at the US Securities and Exchange Commission (SEC), said in an interview that the regulatory agency would eventually approve a bitcoin ETF. The news, it seems, helped

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