Bitcoin surges, raising hopes for end of ‘crypto winter’

Bitcoin surges, raising hopes for end of ‘crypto winter’

Bitcoin and Ethereum tokens have grown in value two days in a row, sparking hope among investors and advocates that the crypto market is on the rise.

The cryptocurrency market traded at its highest value in three weeks, according to the Wall Street Journal. Bitcoin has gained from $18,000 to $20,000 in value over the last few weeks, and the token rose to $20,500 on Wednesday. Ethereum saw a similar rise in value, according to Cointelegraph. The token’s success has led some analysts to believe it could end the “crypto winter” — the name given to the steep decline in values of digital currencies over the past year.

BETTER LATE THAN NEVER: CONSUMER FINANCIAL PROTECTION BUREAU’S UNACCOUNTABLE FUNDING SCHEME RULED UNCONSTITUTIONAL

The upward growth could point to “a building crypto sentiment shift,” according to Noelle Acheson, crypto researcher and author of the Crypto is Macro Now newsletter.

“It remains to be seen whether this is enough to awaken the momentum traders, but it does feel like something has changed,” Acheson added.

Many digital currencies saw their value dip over the summer after the Luna currency crashed.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

The signs of a crypto thaw arrive after lawmakers in the United Kingdom voted to recognize cryptocurrency as a financial instrument, allowing it to be more effectively regulated by financial agencies in the country.

Source link

Related post

Bitcoin jumps above $17,000, ether surges 8% as cryptocurrency prices today jump

Bitcoin jumps above $17,000, ether surges 8% as cryptocurrency…

Cryptocurrency prices today rose with the world’s largest and most popular digital token Bitcoin’s price today was trading more than 4%…
Why I Use Electrum Bitcoin Wallet – Bitcoin Magazine

Why I Use Electrum Bitcoin Wallet – Bitcoin Magazine

This is an opinion editorial by Arman The Parman, a Bitcoin educator passionate about privacy. Over many years, I have tinkered…
Casa Ruby founder diverted funds to herself, DC attorney general alleges

Casa Ruby founder diverted funds to herself, DC attorney…

Comment on this story Comment The founder of a nonprofit serving D.C.’s LGBT community diverted hundreds of thousands dollars meant for…

Leave a Reply

Your email address will not be published.