NewsBitcoin creates a new ATH since May:JP Morgan says investors are replacing Gold with BTC.
The month of October has remained a very significant Month for Bitcoin since this year. Some analysts have mimicked it as "UPtober" in Crypto jargons to mark the period that Bitcoin had witnessed the highest All-time-high after the significant drop in May and followed by the last month historical September consecutive pullbacks. Just last week, Bitcoin had succeeded in breaking the strong resistance at $54,000 paving way for the creation of a new ALL-TIM-HIGH at $56,125. Observing the sudden volatility exhibited by Bitcoin since October, the US banking giant JP Morgan has revealed that Institutional investors are dumping gold as to buy Bitcoin. This seems to be suggesting that the momentum might keep increasing in the coming weeks.