A Bitcoin bull run seems to be on the horizon. The signs are all around us at Bitcoin price has been on quite a boom over the week. Yesterday, we saw BTC grow by over 8.5% as prices reached close to $4,000. Over the past 24 hours, Bitcoin has maintained the price.

Bitcoin Bull Run Bitcoin Price rise
Image Coindesk

However, it now appears that we have another reason for a bull run: an increase in fees from VISA and MasterCard. Let us take a closer look.

Bitcoin Bull Run Incoming: VISA and MasterCard to Increase Fees?

VISA and MasterCard are two of the financial powerhouses of the world. Having a massive amount of PoS systems under their control, these payment networks are now going to increase their fees. A report from Reuters points out that starting April 2019, VISA and MasterCard will increase their fees for banks.

Bitcoin Bull Run Bitcoin Price rise Mastercard
Image HeroPay

Given that the fee will rise for the banks – the banks will pass it on to the merchants and consumers in some form or the other. This is likely to contribute to a Bitcoin bull run as more users would be motivated to use cryptocurrencies. While this may not be the only reason for a Bitcoin bull run, but it sure is going to contribute significantly!

Early Signs of Bitcoin Bull Run: Price Boom

Bitcoin Bull Run Bitcoin Price rise Visa
Image: revenues and profits

Bitcoin price has been booming over the week. It went from $3,609 at the starting of the week to a high of $4000.49 earlier today. However, it has since been trading in the $3900s.

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This stability is quite critical at the moment. Market experts believe that a huge ‘breakout’ and a major Bitcoin bull run is likely once Bitcoin price crosses $4,200!