Express
Bitcoin's Rebound Shows Strong Market Demand For The Asset, Says Crypto Strategist
Summary: According to Bitpush data, in the past 24 hours, the price of Bitcoin has recovered to more than $48K after falling below $46K, covering most of the losses caused by the decline. Forbes columnist Charles Bovaird posted that Bitcoin's strong rebound shows strong market demand for the asset. Joel Kruger, a cryptocurrency strategist at LMAX ...
According to Bitpush data, in the past 24 hours, the price of Bitcoin has recovered to more than $48K after falling below $46K, covering most of the losses caused by the decline.
Forbes columnist Charles Bovaird posted that Bitcoin's strong rebound shows strong market demand for the asset.
Joel Kruger, a cryptocurrency strategist at LMAX Digital, emphasized: "I wouldn’t be surprised if bitcoin continues to show strength as bigger players finally realize that Bitcoin is genuinely becoming mainstream."
In addition, Kruger thought the booming of DeFi market provides users another way to fight inflation and earn higher interest rates than traditional financial products. He added: "It's really the perfect storm for Bitcoin at the moment."
By Mary Liu
Tags: Bitcoin,DeFi,LMAX Digital
Link: Bitcoin's Rebound Shows Strong Market Demand For The Asset, Says Crypto Strategist [Copy]
