The price of Bitcoin (BTC) has come with a constant increase since this month, at this moment the # 1 cryptocurrency in the market has exceeded $ 9,000 USD per coin, showing that it is in a strong uptrend.
Marking + 17.28% profit in the last 24 hours, Bitcoin has shown that its uptrend that started since the beginning of the month is strong and continuous.
Many point out that the reason for the rise in the price of Bitcoin (BTC) is due to the proximity of its third halving and said event is creating a great FOMO among traders, in addition to attracting new investors, both retail and institutional.
The coronavirus crisis has led many countries to enter a hard time with their economies falling and becoming increasingly unstable, so investors may be leaving the stock markets for the moment and moving to Bitcoin to take advantage of the great moment for which the asset is passing.
Many large whale purchases have been taking place during these days prior to halving, it is also highlighted that the Binance exchange today has reached a trade volume that has not been seen since 2018 when the cryptocurrency bubble burst, from which it can be deduced that we are going through a great FOMO moment and that the price of Bitcoin could approach its previous maximums driven by the FOMO of halving.