As the week closes, we reflect on some of the maneuvers in the crypto arena that have seemingly placed most major digital currencies in the green after a somewhat shaky start to the week. The crypto market has jumped from $324 to $397 billion – a $73 billion spike – since Monday, April 16, and some analysts, such as Tom Lee, believe the bull run is not yet over.
Some Big News for Bitcoin
Bitcoin started the week out at roughly $8,000, but trades for just over $8,900 at press time. A new report stemming from a Quebec-based government office may have assisted the currency in reaching newfound potential. In the report, the notion of Bitcoin attracting financial crime like money laundering is largely put to sleep.
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