The events pertaining to the COVID-19 crisis that have unfolded during the last couple of months have led to increasing levels of economic uncertainty throughout the world. Additionally, the US is currently dealing with intense street protests in a number of cities, thus further affecting financial well-being.
These events have all worked together towards bringing a new bull run to the cryptocurrency market. Data now shows that bitcoin has once again risen above the $10,000 threshold. Thus, a price climb of over $500 has occurred in less than 30 minutes – this definitely has us reminiscing Bitcoin’s past bull runs.
This value increase has affected most of the top-tier cryptocurrencies, similarly to past events. Thus, coins like Ethereum, Bitcoin Cash, Ripple, Litecoin, EOS, and others are also in the green.