The crypto market made lots of news a few months ago because of the decline at a rapid rate, which is now creating rebounding. Things are getting quite suitable for crypto investors during the lockdown period because bitcoin and other cryptocurrencies are rising well from the last few days. Recently bitcoin crossed the benchmark of $10000 For the first time since February. May was quite good but not that much because bitcoin failed five times to pass the benchmark limit of $10000 five times in a row. However, June has brought news for all crypto investors because now the price has finally crossed $10000 For The First Time since the last three months.
The price of bitcoin crossed over $10500 but slowly went down and now trading safely at above $10000, which is significant. The first time bitcoin reached this limit was on May 7 when the price reached the ten thousand dollars benchmark, but it went down slightly soon to $8000. However, now the market has rebounded, and investors seemed to be quite positive about all of these things. Three months of a pandemic has given lots of benefits to all investors in the crypto market; the stock market, on the other hand, has become weak.
From the last three months, the stock market has gone down approximately 30% from the previous two months. A technical analysis of bitcoin shows that the downward return will come again, and it will retake the bitcoin to $9800 or even more. Things are getting quite exciting for all crypto investors because they are now experiencing what others call a peak. The stock market is still not able to stabilize from the loss of the coronavirus pandemic created in the last few months, and it will become weaker unless the reopening of the economy happens.