[ad_1]
Bitcoin seems to have ignored regulatory and security concerns, which drove down cryptocurrency prices early in the year. Today, the queen of digital currencies has continued its upward trend, marking a peak of growth of up to + 5% reaching a maximum of $ 7,770.58 (CoinDesk data). An increase that lifted last week's gains to + 20%.
The race, which reported the Bitcoin above the $ 7,000 threshold for the first time last month, began last week after the rumors and then denied, according to the giant of badet managers t BlackRock would have created a working group to explore the potentialities of cryptocurrencies and blockchain technology
For some time now, even institutional investors have begun to interest themselves to the digital currency market. Last week was the turn of well-known hedge fund manager Steven Cohen while before they had already expressed in favor JP Morgan, Fidelity and CME . a technical point of view, founder and badyst of Newton Advisor Mark Newton, sees a zone of resistance "close to $ 8,000. Until this level breaks, it will be difficult, in his opinion, "that prices will rise much higher".
Bitcoin is still down more than 60% from its record $ 20,000 in December. The entire market capitalization for cryptocurrencies has fallen more than 50% this year, according to CoinMarketCap.com.
Source link
