Bitcoin prices rallied sharply today, fueled by news surrounding China, a highly leveraged market ... [+] and FOMO. Bitcoin prices began climbing after he provided these remarks, and but intensified their ascent as market factors drove the digital currency higher. Fortunately, this Death Cross did not materialize, according to a BitBull Capital analysis of Bitstamp data. “The death cross has, for now, been averted, since the 50-day and 200-day moving averages have not yet crossed,” he stated. Disclosure: I own some bitcoin, bitcoin cash, litecoin, ether and EOS.

Source: Forbes October 25, 2019 17:48 UTC