Bitcoin surge pushes weekly gain to 30% — and it’s only Wednesday

Bitcoin’s furious run is starting to look more and more like it did at the height of crypto-mania two years ago

Bitcoin surge pushes weekly gain to 30% — and it’s only Wednesday

Curated via Twitter from FP Tech Desk’s twitter account….

The digital asset has climbed more than 200 per cent since December, prompting many investors to ignore the 74 per cent drop last year that followed the parabolic 1,400 per cent surge in 2017. “While I understand the excitement for the community that a company like Facebook, backed by other big names, has launched its own coin, this just feels a lot like last time and we all know what happened then,” Craig Erlam, senior market analyst at Oanda Corp. in London wrote in a note. “Perhaps this time the drop off won’t be so bad as we are seeing more mainstream adoption but it may be naive to think that it can’t come crashing down again.

Link to original article….

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