Bitcoin rally continues after hitting lowest in early March

Bitcoin is making a leap in its price as investors take advantage of the 7-week low to return.


According to Bloomberg, the largest cryptocurrency in the world is on track for the biggest gains since February 8th, after diving to $47.079 during Asian trading, before recovering.


Earlier it was up more than 9%, while now with gains of 6.5% it stands at $52.747.


It is recalled that the digital currency reached a record high of $64.870 on April 14th, driven by the excitement of the introduction of the Coinbase exchange on the Nasdaq.


Among the factors that put downward pressure on the digital asset was the warning from JPMorgan that its upward momentum could be jeopardised, the US President’s plans to double the capital gains tax, but also the collapse of two exchanges in Turkey at the end of last week.