It has been a tough year for Bitcoin, however there is a light at the end of the tunnel as the recent drop could be the bottom for the crypto. After hitting the yearly low of $3193 on December 15th, the market rebounded sharply and has been on a bullish rise ever since. BTC reached a high of $3992 earlier today, followed by a market correction bringing the price to the current $3857.
When it comes to Bitcoin news, two recent events stand out. One is Coinbase announcing that they moved $5 billion in crypto to their cold storage wallets, and a trader who sold at Bitcoin’s top also just closed his short on the cryptocurrency.