RATE Group | Price Of Bitcoin Crosses $4,000 Mark In EOY Comeback
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Price Of Bitcoin Crosses $4,000 Mark In EOY Comeback

20 Dec Price Of Bitcoin Crosses $4,000 Mark In EOY Comeback

Posted at 22:06h in Bitcoin News by

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In November, the price of bitcoin dropped to its lowest point since August 2017. On the back of a month-long rout, bitcoin prices are climbing steadily, rising more than 7% yesterday alone and 33% over the last 5 days. Some attribute this growth as a reaction to the Federal Reserve’s interest rate hike while others think investors simply saw the low prices as a “buying opportunity”, one year after bitcoin prices hit an all time high of almost $20k on December 17, 2017.

Ultimate Safe Haven Asset Gold Outshone Bitcoin In October
vjkombajn / Pixabay

Please see below for commentary from industry experts on the reasons for the recovery and its impact on crypto landscape going into the new year.

[REITs]

Q3 hedge fund letters, conference, scoops etc

Andrey Alekhin, CEO of blockchain art laboratory Snark.art:

“I don’t think that this is the end of a bear trend. At least not yet. As a result of a steady decline in the crypto markets, many blockchain startups have been cutting down their activity or even leaving the…

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