The Bitcoin‘s price has experimented a short recovery. It climbed over the 9000$ since March 14.
Bitcoin’s price recovery
This month Bitcoin as well as other cryptocurrencies can be held for the next weeks. Bitcoin had a beautiful recovery after the drop that took place in the middle of March. Only a couple weeks ago, Bitcoin had a price of $11,600. Today, Bitcoin is far away with $ 2,600 to reach again the high price of the last two weeks. Bitcoin had a good recovery, but not enough to be at the highest level.
Last month, Bitcoin had a price of $5000, but he had a recovery to $10,000. After this recovery to $10,000, Bitcoin had a correction until $ 7000. This fluctuation of Bitcoin demonstrates us that no matter how high or how low the price might be, every time is a good moment to invest in Bitcoin. In a single month, Bitcoin had an oscillation of price from $ 5000 to $9000. Slowly, Bitcoin will catch again the price of $10,000.
This correction of crypto market had a good point for most of the cryptocurrencies. The biggest cryptocurrencies like Bitcoin and Ethereum had helped the market to recover its losses from the last month. The market had an increase from $280 to $350 billion in only 48 hours. These periods of correction repeat in the history of crypto market and this is a good time for the market. That’s why the people don’t have to scary about these periods of correction because this is the right time to make an investment to make profit in the future.
From January to March, Bitcoin had its third correction. In only two months, Bitcoin’s price has decreased 70 percent from $19,000 to $5,000. Even with this strong correction, Bitcoin managed to rebound from worse corrections than the last one.
The decline of Bitcoin’s price has been intensified by negative media. Especially the false information from the traditional investors and bankers providers, the correction of Bitcoin has influenced negatively the market.
Almost after the official statement of watchdog FSB announced at the G20 summit, the market and all the cryptocurrencies had begun to recover their losses.