"Bitcoin is trading upwards for a number of reasons," says Fran Strajnar, CEO of Brave New Coin, a data and research company focused on the blockchain and cryptographic assets market.
Strajnar thinks the fundamentals of Bitcoin have improved. Recent improvements to its lightning network and outside forces from regulators are both bringing investors back.
"Word is getting out that traditional financial industry players are preparing to enter the crypto trading markets soon," says Eiland Glover, CEO of Kowala, a blockchain platform with its own cryptocurrency.
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