Bitcoin Rise, Similar to 2019 Bull Market Revival | coindesk JAPAN | Coindesk Japan

Bitcoin (BTC) has the potential for a big rally going forward if history is any guide, with a similarity to the recent bull market resurgence in mid-2019 when the price jumped about 250%. Bitcoin, the number one cryptocurrency by market capitalization, surged about 40% this month to $23,000, according to CoinDesk data. The rally comes after a long slump around $18,000 during a bear market, followed by a sharp decline in 2022 that slashed prices by as much as 68%, …