12 Oct '17, 3pm

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 face of powerful headwinds – China, the world's largest market had just banned ICOs, throttling a thriving use case, and there is still the silent specter of yet another upcoming fork that could split the network , this time more acrimoniously. So, while criticism of bitcoin continues in some quarters stil...

Full article: https://www.coindesk.com/stellar-rally-bitcoin-75-percent...

Tweets

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coindesk.com 12 Oct '17, 11am

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reuters.com 12 Oct '17, 9am

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$5,856: Bitcoin Price Hits New Record High

coindesk.com 13 Oct '17, 8am

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coindesk.com 12 Oct '17, 1pm

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rt.com 12 Oct '17, 3pm

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coindesk.com 13 Oct '17, 11am

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