What Explains Bitcoin’s Resurgence?
Bitcoin is at it again. Last month, the price of the virtual currency quietly breached a new all-time high, cruising well past its prior peak of $19,600 set in 2017, and has been hovering around $36,000 at the time of writing. This follows a nearly 90 percent decline from those previous highs early in late 2018. It did so initially with such little fanfare that its renewed strength was dubbed the quiet rally. Perhaps most interesting about this price action bitcoin is up nearly 1,000 percent from…
