The numerous predictions that in the spring the price of bitcoin starts to rise, it seems to be coming true.
Bloomberg notes that the increase in the price of BTC over the past two weeks was 29%. In addition to bitcoin and altcoins grow: Ripple by 19 percent, Ethereum – 7.5 percent, and Litecoin is 4 percent.
This is a mini restoration of a few “easier” effects a nearly 50% reduction in the price of BTC in the first quarter of 2018.
Now when the day of filing tax returns in the United States (17 April) passed, it became obvious that the fall in 2018, at least partially caused by the necessity of paying taxes.
In addition, in April, several traditional players with wall street, announced the beginning of work with the cryptocurrency markets, and this means that the maturation of the market, more institutional money will enter the market.
Yesterday, Dan Morehead (Dan Morehead), CEO of hedge Fund Pantera Capital, specializing in cryptocurrency, I noticed that even though the ICO series of high-profile scandals, such as the scandal around the project supported Floyd Mayweather, did not adversely affect the market..
Recall that Tom Lee predicts that by the end of the year the price of bitcoin will reach 25,000 dollars, and venture capitalist Tim Draper believes that the price of the cryptocurrency’s number one by 2025 will amount to 250,000 U.S. dollars.