Bears are circling as bitcoin hit all time highs again on Tuesday.
Is this 2017 all over again?
Google data shows no hint of retail FOMO in BTC/USD.
Bitcoin hit multiple record highs this week, prompting “FOMO” or “fear of missing out” calls from some analysts. If there is euphoria in the crypto market it’s not coming from the retail crowd; making this move nothing like 2017.
Bitcoin Races To Record As Bears Cry FOMO
Although there is no such thing as one all-time high for bitcoin (as prices vary depending on where you are trading BTC/USD), there were several new records for the major cryptocurrency to start the trading week ranging mostly within the $19,000 handle, and again on Tuesday morning.
Bitcoin hit another record high on Tuesday, before correcting slightly. | Source: Yahoo

Bitcoin rose Thursday after it was announced Jim Cramer would be investing in BTC.BTC/USD bulls cheered as Anthony “Pomp” Pompliano made the announcement.The CNBC “Mad Money” host is the latest high-profile investor to jump on the cryptocurrency bandwagon.Jim Cramer is the newest high-profile “bitcoiner.” Anthony “Pomp” Pompliano has managed to convince the “Mad Money” host to buy the major cryptocurrency after years of skepticism.Bitcoin Rises After Cramer AnnouncementCramer’s relationship with bitcoin has been quite erratic. Once claiming the price could hit $1 million in 2017, the CNBC talking head has also been critical, calling BTC an “outlaw currency.”It would seem that Pompliano has managed to turn the tide in Cramer’s mind.Jim Cramer is apparently now a fan of bitcoin. | Source:

The price of bitcoin jumped on Tuesday after Jerome Powell stressed that the Fed is investing a significant amount into digital currency developments.
Adding fuel to the fire, Powell also acknowledged how quickly crypto could become a systemic risk to the USD.
China’s “Belt and Road” initiative is expected to roll out a digital currency very soon, and the Fed Char was clear that the U.S. was doing its best to keep pace.
An otherwise dull testimony from Federal Reserve Chairman Jerome Powell got very interesting for bitcoin, as BTC/USD spiked 4% to $10,200.
Cryptocurrency markets soared after Congressman Bill Foster raised concerns about the need to keep pace with China’s digital currency ambitions to which Powell responded that the Fed has a “lot of projects”

As the bitcoin price languishes at $8,300, down more than 12% on the day, Fundstrat Co-Founder Thomas Lee has an unfortunate truth for crypto bulls. Lee does not believe bitcoin is a safe haven; in fact, quite the opposite as he forecasts that the S&P 500 will need to hit fresh highs this year before BTC can.S&P 500 May Be Bitcoin Price’s Key FundamentalThe fundamental reasoning behind the strategist’s claim is sound. He and his team at Fundstrat believe that retail investors, not institutions, drive the major crypto’s price. A strong stock market typically helps to encourage smaller investors to take on more risk. Therefore, Lee’s theory is that a record-breaking S&P 500 likely equals a well-funded retail consumer with some money to burn. So far, he has been correct that a trendless stock

Bitcoin’s the best bet for a cryptocurrency, says Twitter CEO Jack Dorsey. | Source: Photo by Prakash SINGH / AFPAs Facebook’s Mark Zuckerberg faces a firestorm of criticism for his Libra project, another prominent social media billionaire is staying on the side-lines. Jack Dorsey made it very clear in an interview with the Sydney Morning Herald that he has no plans to launch a Twitter cryptocurrency, instead preferring to advocate for Bitcoin as the currency of the internet.Jack Dorsey Prefers Bitcoin Over Twitter CoinIt is no secret that Jack Dorsey has been a fan of Bitcoin for some time. The Twitter CEO’s well-documented love of crypto has warranted plenty of speculation about a "Twit-coin," especially after rival Facebook announced their Libra plans this year.Jack Dorsey still