There well and truly appears to be a resurgence in interest in Bitcoin and cryptocurrencies, as Coinbase’s iOS has it the trending list on the App Store.
The rise in prices in cryptocurrencies is often accompanied by an increased interest in cryptocurrencies from would-be investors. The market of late 2017 saw those who had not previously invested in crypto enter the market. The crash in the following year had turned many would-be investors off, but as ShapeShift CEO Erik Voorhees explained, Bitcoin and the crypto market operate in a cyclical fashion.
The market has experienced a tremendous few days with both the prices of Bitcoin and altcoins showing signs of reaching the kind of highs that people value crypto at – Tom Lee of Fundstrat said that a fair value for Bitcoin is $14,800.