| Bitcoin is in the green again, marking sharp increases over the past week. It can certainly be noted that Facebook's Libra effect has had an impact on the market and the industry as more people are getting exposed to Bitcoin and blockchain technology. This is especially true after Congress started discussing Libra and cryptocurrencies, while also learning to differentiate between the different technologies. Since 2017's peak, Bitcoin hasn't received as much attention as it did in the last months. It was hard to expect this sharp increase, as well as the fiery congressional debates and the renewed interest around various digital currency technologies. Also, the market remained unmoved by Bitcoin's sharp correction which returned to ride the green candles of world-wide trading exchanges. Another important consideration is that the stock market tumbled amid the intensifying trade war between the two largest economies in the world – the U.S. and China. However, Bitcoin responded with quick and sharp gains. |
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