Bitcoin’s Price Reclaims $20k Mark. Is the Comeback Imminent?
Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin has been running up the hill in the last few days and showing positivity around its price. Precisely, it crossed the $20,000 mark on September 27, and since then, it has been oscillating around $19k to $20k. Over the last couple of weeks, Bitcoin has struggled to go on a significant upward trend. However, it has been stable with a price range of around $19k while still occasionally dipping down to the $18k mark. Bitcoin experienced this slight surge and reached the $20k range at a time when the traditional market was at higher volatility. The foreign currencies and stocks were tumbling which instilled skepticism among the investors. For instance, on September 23, the British prime minister, Lizz Trust, announced tax cuts and increased debts, which led their currency to fall against the U.S. dollar and resulted in the higher trading volume of Bitcoin. It had such a greater impact on Bitcoin’s...