The price of cryptocurrency Bitcoin has risen to $88,691, up by 0.5%, after a decline of 5.6% on the secondary market and hitting the lowest level since mid-November - $86,003.11. This is the latest trend in the cryptocurrency market.
Experts point out that Bitcoin started to rise after a significant decline at the beginning of December. They note that the sharp decline of this cryptocurrency may become a subsequent desire of cryptocurrency investors to acquire short-term profits.
"As Bitcoin began to recover after falling to around $83,000, investors are once again looking to purchase cryptocurrency," explained one of the experts.
He also added that while cryptocurrencies may continue to rise in the near future, they all remain at significant levels regarding volatility and instability.
