Understanding Bitcoin's Blistering Rise Past $30,000

<p><span style="font-weight: 400;">The end of December was a momentous time in bitcoin’s history. Not content to clear the psychological barrier of $20,000, bitcoin’s price smashed up almost all the way to $30,000, although it would take the turn to the new year to hit that new high-water mark. </span></p> <p><span style="font-weight: 400;">In this episode, NLW looks at interpretations of why bitcoin is rising, why it dipped today and what analysts and investors think will happen next. This analysis includes:</span></p> <ul> <li style="font-weight: 400;"><span style= "font-weight: 400;">Evidence of institutional FOMO including a rise in bitcoin whale addresses</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Massive outflows from Coinbase Pro over the weekend </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">The impact of derivatives liquidations that occurred Monday morning </span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Commentary from OTC desks on Q1 2021 possibilities</span></li> </ul>