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Cryptocurrencies: the frenzy around bitcoin raises questions

2021-04-22T19:05:19.923Z


The overgrowth of bitcoin and major “altcoins” has many market watchers fearful of a sharp short-term correction at best, and a bubble burst at worst.


Sometimes it is difficult to recognize a bubble before it explodes. This is all the more true in a market as young and volatile as that of cryptocurrencies. But the overgrowth of bitcoin and major altcoins has many market watchers fearful of a sharp short-term correction at best, a bubble burst at worst. After quadrupling in value in 2020, bitcoin's price has risen 85% since the start of the year, even surpassing $ 60,000 before a 15% correction on the weekend of April 19. The most suspicious want to see it as a first warning, recalling the precedent of 2017 when the price of bitcoin collapsed to $ 3,122 after hitting 20,000.They are alarmed that the crypto-asset market as a whole has taken 10 years to reach $ 1 trillion in capitalization and only three months to represent $ 2,100 billion. "

Cryptoassets bubble resembles that of Dutch tulips

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  • Bitcoin: its origin, its potential, its risks in seven questions

Source: lefigaro

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