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Wednesday, November 30, 2022

Bitcoin Price Bounces Back; Will It Recover?

Is this the start of yet another comeback or just a momentary break before another downfall? 

Bitcoin seems to have stabilized. Prices have started a slight rebound and are now at their highest in two weeks. The king of cryptocurrencies exceeded the symbolic threshold of $40,000 per unit for the first time on Friday, Feb. 4, a first since January 22.

It was trading around $41,627 at the time of writing. Admittedly, we are still far from the record of $69,044.77 crossed on November 10, but it is a level that will undoubtedly please cryptocurrency evangelists.

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