Bitcoin is acting as the New hedge against the Global Liquidity Risk

What a relentless recovery has the Crypto kingpin Bitcoin staged in the past 10 weeks or so as it finally broke the all-important $10K psychological level, last seen in Mar. 2018. Not only that, the FOMO (Fear of missing out) factor that many analysts had predicted might already have kicked in as BTC crossed $11K within less than 24 hours of hitting the psychological level! Whatever the reason for this Power boost – FOMO, Facebook’s Libra or just the good old fashioned hedging of market risks, Bitcoin is poised to climb even higher. Having said that, the bullish move in…...