Cryptocurrencies revisit bull market
Cryptocurrency markets continued their rally in the Asian early morning session today (9), with Bitcoin briefly returning $0.062 million, although it has now fallen back to near $0.061 million, but the surge was enough to reignite the “Bitcoin year-end mark” after temporarily ignoring Monday's massacre Hope.
In addition to benefiting from the upturn in stock market sentiment, market watchers believe that not only does it benefit from investor confidence. The coin circle community generally believes that Bitcoin will generally go on an upward trajectory six months after a halving.
As per market rules, Bitcoin typically falls into a “rollback period” of up to 6 months after a halving, and this year's halving seems to be no exception.
In addition to benefiting from the upturn in stock market sentiment, market watchers believe that not only does it benefit from investor confidence. The coin circle community generally believes that Bitcoin will generally go on an upward trajectory six months after a halving.
As per market rules, Bitcoin typically falls into a “rollback period” of up to 6 months after a halving, and this year's halving seems to be no exception.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
