According to the observations of analysts, the number 1 cryptocurrency is once again experiencing a recovery. Experts say a next round of interest in digital assets.
Earlier, when the cost of Bitcoin fell in the region of $3 thousand, interest in this market almost disappeared, but the value of this virtual asset gradually increased.
Currently, a new rally has entered the digital currency market. At the moment, the number 1 cryptocurrency provides more than $8 thousand, and this is not the limit, experts believe.
Over the past week, the price of the first digital asset has increased by a third and continues to move. Market participants are closely watching the future dynamics of Bitcoin.
One of the opinions expressed about the current state of the virtual currency market was the following: a group of large players capable of influencing the price of Bitcoin deliberately reduced the cost of the No. 1 cryptocurrency to its lowest. Later, for almost five months, there was a systematic accumulation of positions.
According to experts, in the near future a rise in the cryptocurrency market is possible, and the cost of the leading digital currency will gradually increase.
The material has been provided by InstaForex Company - www.instaforex.com