Bitcoin’s interesting rise came as protests, riots, lootings, and marches continued to spread in several cities and states in the US. The rise also happened about 15 minutes after President Trump announced that mayors and governors should use the National Guard to quell riots across the country. Trump threatened to send the US military to handle the rioters if the state governors refuse to handle it themselves.
Bitcoin’s jump may also be because of noticeable growth in the futures market. Several platforms in recent times have seen an increase in futures trading. In addition, exchanges like Binance and Bitstamp have also recorded a steady increase in both their daily trading volumes.
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