While the second half of May has been burdened by a sustained downtrend, today’s price movements could be seen as a spark for a reversal. After reaching initials lows earlier in the day of just above US$7,000, Bitcoin saw a huge jump to above $7,400, and is continually inching higher. If things play out well, this could lead to a summer frenzy, similar to was witnessed at this time last year. In the month of April, Bitcoin saw an almost 50% growth- from lows of US$6,600 to local highs above $9,600. While this was a strong indication that the bearPowered by WPeMatico
