A Year After Bottoming Out at $3,100, Bitcoin is Up 127%

Cryptocurrency

By the end of May, though, bitcoin was looking overbought at highs near $9,000. The resulting pullback to $7,500, however, was short-lived, as prices surged to $13,880 in the 16 days to June 26. The near 90-degree rally occurred as the bitcoin market was pushed into a state of frenzy by Facebook’s announcement of its proposed cryptocurrency Libra.

Products You May Like

Articles You May Like

New York AG will seek sanctions on Trump, lawyers over ‘false’ court filings in fraud suit
Alphabet misses on earnings and revenue as YouTube falls short
Some borrowers may qualify for a student loan interest deduction, despite payment pause
5 altcoins that produced double-digit gains as Bitcoin price rallied in January
Senators push for airline passenger protections after holiday travel meltdown

Leave a Reply

Your email address will not be published. Required fields are marked *