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Bitcoin continues to grow, recovery from flash crash continues-Bloomberg

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Cryptocurrency (cryptocurrency) Bitcoin rose in trading on the 7th and continued to recover from the weekend’s “flash crash”. Some have suggested that Bitcoin may pick up to around $ 55,000 in a new uptrend.

Bitcoin was temporarily up 3.7% from the previous day to $ 51,970. Other cryptocurrencies have also been bought, and both the Bloomberg Galaxy Crypto Index and the MVIS CryptoCompare Digital Asset 100 Index have risen by more than 5% at one point.

“The most leveraged and speculative cryptocurrency market has washed away the excess on weekends and the more persistent bullish trend has resumed,” said Mike McGrone, an analyst at Bloomberg Intelligence. He pointed out.

Changes in Bitcoin price (above) and relative strength index (RSI)

Bloomberg

Original title:Bitcoin Extends Recovery From Flash Crash as Bulls Eye $55,000(抜粋)

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