Activity in the cryptocurrency market has been very dynamic lately, and in particular, the price of bitcoin has steadily risen. As a result, the price of this cryptocurrency rebounded on Sunday, rising above the $38,000 mark to $39,500.
Experts claim that the reasons for such fluctuations in the market may be due to several factors. One of the main factors is the weakening of the dollar against other currencies in the global market. In addition, influences have also come from news out of China, where regulators announced a crackdown on over 90 mobile applications related to cryptocurrencies.
Investors, following the dynamics of bitcoin, expressed their views on the expected future development of this cryptocurrency's price. However, all agreed that the cryptocurrency market remains extremely unpredictable, and any external influence can sharply affect its quotes. As experience shows, investors and traders must always be prepared for sudden changes in the market.
