For crypto enthusiasts and believers alike, this jump is a vindication of the viability of digital assets, after a slew of fraud and bankruptcy cases over the last two years tainted the industry. With the long-awaited Bitcoin “halving” drawing nearer, investors are keeping their eyes peeled for more upside in its value.
The much-storied cryptocurrency is making a comeback. Will the upcoming event of ‘halving’ send Bitcoin’s price soaring into the stratosphere?
After a long winter, signs of a spring thaw in the crypto universe have appeared. On March 14, Bitcoin, the most popular and commonly traded cryptocurrency, reached an all-time high of US$73,805 ($99,517.55) each, 70% higher than the US$42,000 price level it was hovering at in early January.
