The upside run continues as we look towards European trading, with Bitcoin now touching $118,000. There’s no major catalyst of sorts but demand conditions are staying very much underpinned for the cryptocurrency. The move away from the dollar has definitely raised a lot of awareness about portfolio diversification in the first half of the year. It’s really looking like it will be the summer of crypto, and also collectibles. I’ve got a post coming up on the latter. So, stay tuned.
This article was written by Justin Low at www.forexlive.com.