Bitcoin’s Latest Price Pump: New Life or Last Gasp?

Originally posted on CCN, republished here with light updates (the markets shifted a little since it was published). After dropping for months, bitcoin’s price recently spiked 40 percent when China’s president announced the country’s embrace of blockchain technology. That rally marked the third-biggest 24-hour move in bitcoin’s history and sent the cryptoverse into a frenzy. Bears turned into … Continue reading Bitcoin’s Latest Price Pump: New Life or Last Gasp?