Bitcoin Surges, Pulling Crypto Markets Strongly Into Greenbr>
Last week’s gloom and doom has vanished like the morning dew, as bitcoin roared back to life over the weekend, dragging the rest of its cryptocurrency comrades along for the ride.
After a period where bitcoin dropped down into the $5,000 range amidst speculation it could be headed far lower, the market rebounded strongly. In the last 24 hours, bitcoin has gained just over three percent, now sitting at $6,500 per single coin. The rest of the market followed suit, with gains of four to seven percent abounding in the top ten coins.
Are happy days here again? Or is this the shoulder in a head and shoulders pattern? With a US holiday in the middle of this week, it should prove to be an interesting time. And you know that old Chinese saying about interesting times…