Bitcoin price rally is due to the weakening Chinese Yuan. They turn into Bitcoin since it is more stable and because of that demand, Bitcoin price is moving upwards. The demand is estimated to continue and the price to be soon above $500. This happens also with other countries and currencies but it didn’t have this effect in Bitcoin price. As said before, the price will be affected also by the halving that will happen in less than 2 months. The price is estimated to reach $800 by the end of the year.

Bitcoin price will be over $500 soon

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