The rise of crypto: Bitcoin sets landmarks but alts can go independent

The rise of crypto: Bitcoin sets landmarks but alts can go independent


Unfounded hype? This time around, investors have begun to realize the value proposition of Bitcoin and Ether.

On Dec. 8, exactly one month ago, Bitcoin was hovering around the $18,700 range, with many analysts debating as to whether the flagship asset would be able to sustain its bullish momentum and cross its all-time high value close to $20,000. Well, how quickly things have changed since then because within a period of just 30 days, Bitcoin (BTC) has repeatedly scaled up to new ATHs, even surpassing the $41,000 barrier.

Over the course of the last seven days, BTC has exhibited a substantial growth of around 41%, with the digital asset seemingly breaking new ground with each passing day. However, this has led to investors becoming increasingly nervous since there are many who immediately are given flashbacks of the 2018 crash that resulted in most cryptocurrencies crashing hard within a matter of days.

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In this regard, Cointelegraph Markets contributor Michaël van

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