Bitcoin rose above $8,000 after falling below $6000 yesterday.
The Senate Banking Committee hearing on Tuesday regarding the virtual currencies delivered a much needed positive message to the market - greater consumer protection and no outright ban on the cryptocurrency trading.
Bitcoin enjoyed a $2,000+ gain on the news.
Yesterday, Dr. Doom predicted that Bitcoin would crash to zero, and claimed that Bitcoin was the biggest scam in the human history.
Currently, I am obsessed with S&P 500 and UVXY. No one can time the market, yet some indicator divergence signal a warning.
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