Analyst Optimistic On A Bullish Trend Despite Price Corrections
The past one week has seen Bitcoin price going up and especially down so much that a lot of analysts and investors are predicting a bearish trend only for the price to go back up again. While investors may find the corrections a little bit disappointing, analysts are seeing a huge opportunity to invest in the digital coin and reap big once a bull run begins.
Giant Chinese Crypto Mining Company Becomes The First To File The US IPO
Canaan Creative is among China’s leading Bitcoin mining firms. A report published WeChat, a local social media platform on 31 July 2019 say that the Bitcoin mining giant has filed a request for an Initial Public Offering with United States regulators and has spent over $200 million doing so. The report goes on to say that Canaan Creative even beat other giants in the market like Bitmain.
Cryptocurrency Market Sees 2nd Day Of Green
The entire crypto market is experiencing a widespread green. To start with, while the latest correction saw Bitcoin drop back to a 4-figure price point, it managed to break back above the $9,700 mark. The other digital coins have also been recording gains over the past couple of hours. Some of the leading coins such as Ripple, Bitcoin Cash, Litecoin and Binance Coin have all recorded a substantial increase in price.