After Bitcoin Halving, the cryptocurrency market is at its best

Despite the uncertainty surrounding the Bitcoin price action and the pullbacks that alternative cryptocurrencies developed a couple of weeks ago, with the recent rebound in Bitcoin price action the cryptocurrency market is at its best.

According to information disclosed by Armando Montes for the Infobae news portal, "The cryptocurrency market is at its best in recent weeks after the value of Bitcoin passed the $66,000 per unit barrier and managed to stay at that mark in the last few hours."

Montes' article also mentions that, "Investors have taken a positive view of the cryptocurrency's performance, as since Monday of this week the currency started on an uptrend and this permeated the spot exchange-traded fund (ETF) market"

On the other hand, "The increase in Bitcoin's value occurs in a context where there is a massive inflow of capital into cryptocurrencies, indicating a growing interest and confidence of investors in these assets. The price rise benefits not only Bitcoin but also has a positive impact on the cryptocurrency market in General."

Equally for, "Experts financed this increase to different factors, such as institutional adoption of cryptocurrencies, the search for investment alternatives due to global economic uncertainty and continued innovation in blockchain technology that underpins bitcoin and other digital currencies"

Infobae. Bitcoin continues to perform well in the cryptocurrency market. Link

The cover image does not belong to the author: @lupafilotaxia, the image was taken from: infobae