Performance Anxiety Recedes as Resilient Cryptocurrencies Stage Comeback

April 25, 2018 11:26:30

Bitcoin watchers and traders alike voiced a measure of relief earlier this week after the world’s number one cryptocurrency hit a six-week high over the weekend. While a single bitcoin is still nowhere near its highest value of just under $20,000 before Christmas – it topped $9,000 on Sunday and is now jostling for position around $8,750 – there are some analysts who believe that the recent turnaround in digital currencies bodes well for bitcoin’s future.

“We believe the winter is ending for Bitcoin, as the crypto to fiat pressures from tax day subside, and as headline risks seem to be fading,” Tom Lee, managing partner at Fundstrat Global Advisors and one of the biggest…

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