Rising Bitcoin Price Reminiscent of Bull Revival in 2019

The leading cryptocurrency in market value jumped nearly 40% to $23,000 this month, according to data from CoinDesk. The rally follows a year-long slump that sent the price down 68%, followed by an extended consolidation deep in the bear market at around $18,000 and comes as the US Federal Reserve nears the end of from its liquidity crunch cycle that has rattled risky assets, including cryptocurrencies.

Leave a Reply

Your email address will not be published.