Bitcoin & Tech Moved In Lockstep Until Last Quarter

in #investing • last year

The bitcoin price has dropped this year from $8,000 in early January to a recent high of $11,500.

Cryptocurrency was one of the best performing assets in 2018. Bitcoin's rise was driven by growing interest from retail investors and new traders looking to start using it. digital currency.

Bitcoin price rallied above $12,000 on Wednesday before closing at $11,900, up more than 10% since Tuesday's close.

The cryptocurrency is now up more than 50% in the past month and over 90% since falling below $6,000 in mid-April. The bitcoin price has moved with the US-listed shares of companies that are developing digital currency technology or are working to integrate blockchain into their businesses, such as exchange-traded funds. tZero by Overstock CEO Patrick Byrne (tzero).

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