{"id":424466,"date":"2020-05-19T16:00:53","date_gmt":"2020-05-19T16:00:53","guid":{"rendered":"https:\/\/uniquehot.com\/?p=424466"},"modified":"2020-05-19T15:00:12","modified_gmt":"2020-05-19T15:00:12","slug":"retail-crypto-fomo-bitcoin","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/retail-crypto-fomo-bitcoin\/","title":{"rendered":"Powerful Retail Crypto FOMO Spikes As Institutions Take Pause"},"content":{"rendered":"

Bitcoin price<\/a> is trading just below the key price of $10,000 said to be a FOMO trigger for a major crypto bull rally, but retail FOMO is already spiking according to data.<\/p>\n

However, as retail interest spikes, institutional interest is down. Can retail FOMO be enough to spark another bull market, or are institutions necessary for the bigger push?<\/p>\n

Retail Buyers Drive Recent Crypto Rally, While Institutions Wait For Breakout<\/h2>\n

Bitcoin price<\/a> is at yet another critical junction. The crypto asset’s block reward halving is now in the past, yet the insanely bullish impulse that was expected has yet to happen.<\/p>\n

The combination of surging interest surrounding the halving along with low prices as a result of the Black Thursday crypto market crash caused a spark in retail buying.<\/p>\n

Coinciding with all of this, the US government began issuing stimulus checks to individual taxpayers. Some of this money, made its way into Bitcoin and other crypto assets, according to Coinbase data.<\/p>\n

Related Reading | Bitcoin Expert: Mentally Prepare, $10,000 May Take Another 100 Days To Break\u00a0<\/a><\/strong><\/em><\/p>\n

Data showed an immediate uptick in Bitocin purchased of $1,200, the exact amount of stimulus that was issued at maximum.<\/p>\n

Since then Bitcoin price<\/a> has been on a steady climb and has found itself retesting $10,000 once again.<\/p>\n

Thus far, the leading crypto asset by market cap only was able to hold above it briefly before it was rejected.<\/p>\n

But even after repeated crashes, Bitcoin price is right back up under high timeframe resistance once again and appears to be poised to take it out for the final time.<\/p>\n

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FOMO kickin' in hard.#Bitcoin<\/a> #CME<\/a> #COT<\/a> pic.twitter.com\/gbUpxu6nEF<\/a><\/p>\n

— Livercoin (@Livercoin) May 19, 2020<\/a><\/p><\/blockquote>\n