Is bitcoin recovering?
We all know that bitcoin hit a record high of over 19,850 in December 2017 then quickly dropped to under 12,000 only within a few short days. Now it is seemingly stable and/or recovering from it’s unpredictable rising and falling over those few weeks around Christmas and New Years. According to Coinbase exchange , bitcoin reached a price of 16,535 which is significant improvement. The value is up more than 25% since this last month although recent events show how quickly bitcoin price can change and how volatile it really is.
The bitcoin rise has also led to rises in ethereum, XRP, and litecoin.
Some claim bitcoin is a giant bubble and could crash hard anytime. Yet others speculate it to hit the $1m mark.
What do you think , should we stay in for the $1m mark?
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