Did Bitcoin Get Caught Up in Hype Surrounding The Merge? In m | Bitcoin Networks

Did Bitcoin Get Caught Up in Hype Surrounding The Merge?

In mid-September, bitcoin – the world’s number one digital currency by market cap – ran above the $22,000 mark for the first time in nearly a month.

Bitcoin Experienced a Small Surge in Mid-SeptemberEveryone was praising the move given the asset had recently hit a price below $19,000, something it hadn’t done since June of this year. This means that after hitting a near-three-month low, the world’s primary digital asset seemingly shot up by close to $4,000, marking what many analysts consider a relatively big jump.

While everyone was breaking out the champagne, not all the traders and industry experts out there think the signs are there for bitcoin’s newfound strength to stay active. They think the currency could wind up experiencing more major dips, and thus things could remain in the doldrums before they show true signs of recovery.