Rally Restored? Bitcoin Is Up 75 Percent from 30-Day Lows

Rally Restored? Bitcoin Is Up 75 Percent from 30-Day Lows

Fresh off setting a new all-time high this morning, bitcoin is once again increasing its 2017 gains. Yet for those just tuning in, it might not be immediately obvious how strong the cryptocurrency’s recent performance has been or the conditions under which it’s seen the boost. After all, as recently as mid-September , bitcoin’s perceived bubble had all but burst when the price fell from $5,000 levels to below $3,000. Yet, out of this doom and gloom, bitcoin has seen a phenomenal rally, delivering more than 70 percent returns in under 30 days. Further, it’s done so in the […]