The price of bitcoin is up roughly 50 per cent since the start of the year, despite the US government signalling a tougher regulatory stance on cryptocurrency.
I guess this is just a recovery phase for bitcoin, remember that prior to the FTX collapse and it's effect on us, the price is just about this levels, above $20k. But we all know that after that fiasco, everyone as affected, stocks market as well and other traditional financials. Bitcoin suffered the most as it is the most volatile among investment assets as we go down to lows or $15,500.
Does it mean that bitcoin price will not go up more than this again?
Still remains to be seen, it's hard to say where the price is going to be because it's very volatile. We just have to be calm and continue to stack sats as much as we can before the bull run next year so that we can make profits.