Bitcoin Price Bounces Back; Will It Recover?

Published by
The Street

By Luc Olinga The king of cryptocurrencies continues to rise and attracts in its wake the entire crypto market whose value is again above $2 trillion. Is this the start of yet another comeback or just a momentary break before another downfall? Bitcoin seems to have stabilized. Prices have started a slight rebound and are now at their highest in two weeks. The king of cryptocurrencies exceeded the symbolic threshold of $40,000 per unit for the first time on Friday, Feb. 4, a first since January 22. It was trading around $41,627 at the time of writing. Admittedly, we are still far from the recor…

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