Something just in the news which cause a spike this morning:
Russia Prepares To Buy Up To $10 Billion In Bitcoin To Evade US Sanctions
https://www.zerohedge.com/news/2019-01-14/russia-prepares-buy-10-billion-bitcoin-evade-us-sanctions
Watch for a pump and dump...
Day trading this stuff is dangerous. The volumes just dont support it. And it does crazy Ivan $400 moves in minutes. You really have to stay on top of it to trade.
China is buying Bitcoin too.
If the Russian Government are politicising the legitimacy of Bitcoin by giving it the backing of a super power, I wouldn’t be surprised to see the USA respond by validating XRP (Ripple) as the go to digital asset for the USA and attempt to reduce the significance of Bitcoin.