Bitcoin Showing Resilience

Hey folks.

Bitcoin in recent days has been showing some resilience with its price breaking the price marks while surging. It is now priced at $64,920.33 on cointmarketcap as of now I am writing this which is more than 5% of the price increase in a single day.

Looking at the 30 day price performance Bitcoin is now up more than 50% which is a significant gain.

coinmarketcap

Looking at the price of Bitcoin for one year, it is up by more than 190%.

Is it marking the arrival of the crypto bear market? Don't know but at least this is something bringing some confidence to the market after some prolonged crypto bear market with multiple pronoun crypto firms going bankrupt.

Anyway, glad to see Bitcoin is showing resilience as it is something that could also impact most of the other cryptocurrencies in the market including Hive as well.

Let's see if Bitcoin is going to surpass it's former all-time high this time and where it could go.

This is not a financial advice.

Hive: @haveyoursay
X: www.x.com/newsintercept
Website: www.newsintercept.com

Posted Using InLeo Alpha

Posted Using InLeo Alpha