Bitcoin

The surge in Bitcoin’s price, rising from $16,500 to $25,000, is believed to have been caused by a short squeeze in the futures market and the recent positive changes in macroeconomics. However, despite the increase in prices, available data indicates that numerous potential buyers, including whales, remained on the sidelines.The recent price increase for Bitcoin to over $25,000 saw a sharp climb in value that was very similar to the 2019 bull market. During this period, the cryptocurrency saw a 330% surge from a low of $3,250 up to nearly $14,000. This year has seen an even more impressive climb of 60% from its November 2022 low point.Read the article to find out more <a href="https://crypto.ro/en/news/bitcoin-2019-vs-2023-rallies-on-chain-data-highlights-similarities/" rel="noopener noreferrer nofollow">about the similarities</a>.

Bitcoin 2019 vs 2023 rallies: On-chain data highlights similarities

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