Bitcoin beats another crash with a $ 1,000 return back

in bitcoin •  7 years ago 

 The warnings about his collapse give way to a new and forceful rebound. Since Friday he has recovered 1,000 of the $ 2,000 lost in the previous two weeks.

The most pessimistic forecasts on the evolution of bitcoin, those that  point to a 'puncture of its bubble', gained strength last Friday when  its price accumulated a collapse near 40% in just two weeks.

The spectacular rally of the virtual currency had already overcome similar crashes. But unlike previous occasions, this time came amid growing pressure from regulators. Last  Friday the news of the first closures of trading platforms in China  deflated the price of the crypto-currency below even the level of $  3,000. Two weeks earlier it reached record highs, at the brink of $ 5,000.

The price of bitcoin has not only cut this crash dry. Purchases  are accelerating, and its price has soared from $ 3,000 last Friday to  the $ 4,000 it has surpassed in today's session. This rally erases much of what was lost in previous sessions.

An even more forceful rise are noted other virtual currencies, such as ethereum. The 'new bitcoin' sank parallel to the crash suffered by the most commonly used crypto. The comeback that is recorded since last Friday at times surpasses 40%, until approaching the threshold of 300 dollars.

The nth rally that bitcoin achieves once again puts the most  pessimistic forecasts on its future, while confirming the extreme  volatility of an asset that its supporters insist on cataloging as 'the  gold of the XXI century'.

The reconquest of the $ 4,000 is to consolidate the revaluation accumulated bitcoin so far this year above the 300% barrier. The climb has reached 1300% in the last two years, since September 2015. 

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  ·  7 years ago Reveal Comment

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