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02 October 2021

Forbes: Bitcoin prices rallied today as myriad factors fueled gains

Raluca Boaru

Raluca Boaru

Business Development Manager at Crypto Finance (Infrastructure Services) AG

About the author

Source: Forbes | Author: Charles Bovaird

Bitcoin prices spiked earlier today, pushing higher as the cryptocurrency benefited from several developments that could be considered bullish.

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While de Kempenaer spoke to market dynamics, Marc Bernegger, a board member of Crypto Finance Group, took a different approach.

“The short squeeze was just partly responsible for today’s price move and the main reason behind was Federal Reserve Chairman Jerome Powell saying the U.S. didn’t have plans to ban cryptocurrencies,” he stated.

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