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This kind of results is a bit like the end of last year, when bitcoin jumped $ 20,000. Since then, it was mostly misery for hodl's: in the stairs and stairs, the rate ended last month even at around $ 5900.
Since then, more than $ 5,500. a quarter of the value added, but the digital currency is still more than 62% less than during this month of December gold
. The gigantic trap has many reasons. Often, tighter (threatening) regulations are cited as a major cause of the decline. Especially in Asia, the authorities have restricted the trade in cryptocurrencies. In addition, there was a bubble in December, when early investors took profits and, with some regularity, fear increases when trading platforms are hacked.
The most recent recovery to $ 7,500 may have several causes. For example, asset management firm Blackrock is studying how it can take advantage of cryptocurrency, which creates confidence in the market.
Bloomberg also mentions another possible cause that the training institute for investors, CFA, will propose cryptoclasses. other cryptos in the more
Meanwhile, the other great cryptocurrency benefits from this rebirth. For example, Stellar grew by 25% in a day, Bitcoin Cash by almost 10% and Ethereum by more than 5.5%, according to data from CoinMarketCap.
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