As Bitcoin Price Keeps Surging, We Examine Potential Catalystshttps://www.cryptoglobe.com/latest/2019/05/as-bitcoin-price-keeps-surging-we-examine-potential-catalysts/"-Improving technicals, such as last month's double break out of Bitcoin price upon the "Golden Cross"
-Traders exiting their Tether (USDT) positions and getting into Bitcoin and the major altcoins, especially the office of the New York Attorney General (NYAG) announced that it was investigating Bitfinex and Tether (and the resulting revelation that Tether was only 74% backed by cash and cash equivalents).
-Tether (USDT) managing to maintain its peg to the dollar despite all the drama surrounding Bifinex and Tether (unlike what happened in October 2018, when USDT fell to as low as $0.86).
-The countdown to Bitcoin's next block reward halving event, which is estimated to take place on 23 May 2020.
Bloomberg reporting on May 6 that Fidelity Investments "will buy and sell the world’s most popular digital asset for institutional customers within a few weeks."
-Reports that came out towards the end of last month about two of the biggest brokerages in the U.S., E*Trade Financial and TD Ameritrade, preparing to launch Bitcoin trading on their platforms
-The Wall Street Journal's article (published on May 2) about Facebook's crypto-based payments system.
-Diar Research reporting on May 6 that the "number of transactions on-chain is also just shy of the all-time-high of December 2017."
-The realization by many that "we must be in a bull market" after the attack on Binance on May 7 since it seemingly had no negative impact on the price of Bitcoin.
-U.S. Congressman Bradley Sherman (D-CA) asking his colleagues to introduce "a bill to outlaw cryptocurrency purchases by Americans" being taken as a bullish sign by many fans of crypto, such as Anthony Pompliano (aka "Pomp), who said on May 10 that Congressman Sherman's remarks only served as an ad for crypto and helped to confirm its validity.
-New York City Blockchain Week.
-The Fear of Missing Out (FOMO). "