An October report published by OneAlpha suggests that Bitcoin has gained strength following the 2018 correction. Moreover, based on their findings, they posit that the bear market has had a “cleansing effect” on the crypto marlet, as the bust drove out speculators and “[lowered] valuations to a more sensible level.”
Based in Israel, OneAlpha is a division of the First Digital Assets Group, which describes itself as “the leading digital assets group in Europe.”
The report provides an in-depth look into the state of the blockchain space with a market overview, a look at tech and trends as well as a summary of regulations around the world. Here, we look at some key insights from the report.
And BTC Price Goes Boom!
In 2017, Bitcoin’s price experienced several bursts that saw it peaking at nearly $20,000 in December.
The Bitcoin and cryptocurrency hype reached a whole new level. Newbies started flocking to crypto exchanges like Coinbase, which saw over 100,000…