Bitcoin’s price recovery has continued, with the currency gaining 7.2 percent in the past 24 hours. Bitcoin was trading at $4,104 at press time, having struck a two-week high of $4,186 just hours earlier. The last time Bitcoin was above $4,100 was December 3 and since then, it has dropped to its lowest level for the year below $3,200. This week has seen the currency gain 26 percent and looks set to continue its good run.
But if you’re expecting a repeat of the 2017 bull run, you might get disappointed. According to Charlie Morris, a fund manager at Atlantic House Ltd., the streak was great but it has been broken. Investors should be prepared for lower rates of return going forward, Morris warned.