Last Tuesday, Bitcoin sank below $30,000 for the first time in a month.
By Sunday night, just five days later, Bitcoin was 30% higher, and getting very close to $40,000. The top cryptocurrency rebounded dramatically over the weekend, and accelerated further when Asian markets opened on Monday morning.
Ethereum has also bounced back from a long bearish stretch, up 22% in the past week to above $2,300.
There are a few recent news events that likely helped reinvigorate crypto markets.
On Wednesday at a pro-Bitcoin virtual event called „The B Word,” Elon Musk pleased Bitcoiners when he reiterated that he owns and believes in Bitcoin, as does Tesla, and also revealed that his other company SpaceX holds Bitcoin on its balance sheet. He also said for the first time that he owns some Ethereum and is a „fan” of DeFi (decentralized finance), the fast-trading investment industry built atop Ethereum. The rapper Busta Rhymes was so inspired by the event that he loaded up on Bitcoin and is now „loo
Źródło: https://decrypt.co/76852/bitcoin-eyes-40k-after-weekend-surge
