After a steep increase in December to almost $20,000, Bitcoin worried investors by dropping sharply in price down to levels near the $11,000 mark last week. However, now it seems that the world’s most popular cryptocurrency is regaining some of its lost ground.
Yesterday Bitcoin managed to increase to around $15,500, roughly 12% up from its last stable level. It seems that despite the sharp price correction we witnessed last week, the cryptocurrency is still going strong and we are likely to see the bullish trend persist through the New Year’s holidays.
Despite the resistance of some more conservative financial authorities and the lack of clarity as to Bitcoin’s real value, investors still hope that with the adoption of Bitcoin futures on some exchanges the cryptocurrency would gain more official support.
Meanwhile, Bitcoin cash, Etherium, and Litecoin are also on the rise.
