Early Tuesday morning, Bitcoin made the largest price surge in recent memory. Growing in value from just $4,180 USD to $5,080 in a short window, the cryptocurrency gained 22% while most of the country slept. Now, a number of analysts think that this surge could mark the start of the next bull run.
Since Bitcoin’s rapid rise to and subsequent tumble from just shy of $20,000 in December of 2017, many investors have been asking if crypto is dead. After all, the price of Bitcoin as of Thursday at 11:00 PM EST is just $3914. This represents an over 80% reduction in value from its peak just over a year ago. But recently, the gears of the crypto market have been whirring to life again, with some coins showing immense promise.