FX.co ★ Bitcoin is growing again

Another Bitcoin's increase was already dubbed the beginning of its second life. Pulled back and noticeably lost in price, our pioneer went back to the ring and, according to many, is ready to become the leader again. It is too early to say that it is about to reach the previous height, but in the last 30 days, Bitcoin has added almost 50 percent.

This is an excellent result, and still far from the limit, experts say. The growth causes the interest of investors to the cryptocurrency in general and Bitcoin in particular. It is worth recalling that last year the crypto market experienced a real boom. BTC coins were selling like hotcakes. A large number of newcomers appeared on the market, it provoked a real hype which inevitably led to a sharp drop in the cost of the first cryptocurrency by more than 70 percent. For many, the losses were simply enormous. Naturally, people wanted to forget about this. And they did it, but, as it turned out, only for a while. It is difficult to accurately identify the reasons for the growth, but it can be noted that Bitcoin is traded very technically and consistently. There is also an opinion that Bitcoin trades are controlled by the pool of investors, and there is a very high probability that this is indeed the case. Apparently, the "controllers" decided that it's time again to make it grow, which means, most likely, in the near future we will see a fairly strong upward movement.

In addition, it is known that large financial institutions became interested in Bitcoin. For example, BlackRock, one of the world's largest investment companies, formed a working group to study the cryptocurrency market. So, there is every reason to see another return of the legend!