Bitcoin

<ul>
 <li>The price of Bitcoin is above 30,000 dollars, but according to Zschaepitz, more is needed.</li>
 <li>There is a decline in crypto venture funding in 2023.</li>
</ul>
The price of Bitcoin has increased by more than 80% since the beginning of the year. But is this increase enough to call it the start of a “bull season”?
<h2 id="header-0">Is Bitcoin’s Rise to 30,000 Dollars Enough?</h2>
Holger Zschaepitz, a leading financial analyst, said that Bitcoin’s increase above 30,000 dollars is only the beginning and much more is needed to ensure a sustainable crypto recovery.
Zschaepitz’s comments came against the backdrop of a crypto industry that faced significant turmoil last year, including an 87% drop in venture funding for crypto and blockchain startups in the first quarter of 2023.
The consequences of last year’s crypto scandals and the collapse of several major startups left the industry in a state of uncertainty. While Zschaepitz acknowledges that Bitcoin’s recovery may be the start of something new, he believes that it will not be able to recover from the damage caused by the previous decline.
Continue Reading: <a href="https://en.coinotag.com/is-bitcoins-rise-to-30000-enough-for-bull-season/" rel="noopener noreferrer nofollow">https://en.coinotag.com/is-bitcoins-rise-to-30000-enough-for-bull-season/</a>

Is Bitcoin’s Rise to $30,000 Enough for Bull Season?

Table of Contents

COINOTAG NEWS

Other articles published on Apr 16, 2023

Join our free newsletter for daily crypto updates!