Investors Regained Confidence in Bitcoin Amid Price Recovery, Data Suggests

From coindesk.com

Bitcoin (BTC) may not be out of the woods yet, but prospects of another sudden price crash now look to have diminished. The top cryptocurrency by market value is currently trading near $6,700, representing a gain of over 70 percent from the low of $3,867 seen March 13, according to CoinDesk’s Bitcoin Price Index. While the price recovery looks impressive, there are concerns the cryptocurrency remains vulnerable to another liquidity crisis in the global markets, as discussed Wednesday. Technical charts are also flashing signs of bull fatigue. However, any decline is likely to be more measured than the violent price ... (full story)