Bitcoin passes over $ 11,000, the memory of the crypto bubble disappears

Over the weekend, the largest digital currency has passed over $ 10,000, and this morning it has also shed $ 11,000 for the first time in 15 months. Rally has already halved the losses of the bubble burst in 2018.

“The bounce at Bitcoin is quite impressive,” says George McDonaugh, co-founder of the London-based blockchain and crypto-investment company KR1. “Money is not getting out of digital assets, they’re just” standing on the bench. ”

Bitcoin reached $ 19,511 in December 2017, which was a 1400% jump for the year, followed by digging in 2018 by 74%.

The digital asset reached a low of $ 3,100 in December and ranged between $ 3,300 and $ 4,100 for months, and in April the current rally was launched.

Compared to last year, we have a renewed mainstream interest in cryptocurrency and the groundbreaking blockchain technology. Especially after the announcement of Libra from Facebook.

Source: Bloomberg Finance L.P.

Graphs: Used with permission of Bloomberg Finance L.P.

 Trader Martin Nikolov

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