Bitcoin has returned to the limelight in 2019 after rebounding by more than 260 percent from its cycle low of $3,126.88. The recent 30% correction however, has got everybody questioning ‘is now still a good time to buy?’. Here are 3 reasons why bitcoin is not out of the race just yet.
The leading cryptocurrency by market capitalization settled a new year-to-date high of $13,868.44 in June, bringing its maximum gains up by more than 275%. While a substantial correction to the $9,651 level ensued, bitcoin still managed to sustain its previous upside momentum by climbing back above the $11,000 level during the Asian session today.