Hey guys, I just wanna share this article I've read awhile ago from business insider. For those who haven't read it yet, here it is.
Written by Oscar Williams-Grut (Senior Reporter - Business Insider)
Bitcoin is back above $4,000 a coin on Wednesday, as the digital
currency pars back losses.Bitcoin fell below $4,000 late on Tuesday after a sensational rally on
Sunday and Monday that saw the cryptocurrency break the $4,000 and
$4,500 mark for the first time.The digital currency was down as much as 4% against the dollar in
early trade on Wednesday but is making up ground in mid-morning.
Bitcoin is down 1.8% against the dollar to $4,079.55 at 12.30 p.m. BST
(7.30 a.m. ET).
Mati Greenspan, an analyst with trading platform eToro who follows the
crypto space closely, says in his morning email: "This week we saw a
massive surge in bitcoin that simply dominated the entire
cryptocurrency market. Today, it seems we're experiencing a bit of a
pullback."The is quite normal of course. Any asset that can surge 62% in a week
and a half should also expect a sizeable retracement after such a
run."
Elsewhere in the crypto space, Bitcoin Cash, a new digital currency spun off from the Bitcoin network at the start of the month, is down 3.6% against the dollar to $293.00. Ethereum, the second biggest cryptocurrency by market cap after Bitcoin, is down 0.79% against the dollar to $284.04.
So yea, that's all. Hope you guys got a good news :) God bless!