This week Bitcoin hit its highest level
since November 2018 this week and the price trend is extremely bullish right
now. The largest cryptocurrency has seen its value soar in 2019, providing
welcome respite for investors after a torrid 2018. Bitcoin generated enormous
media attention towards the end of 2017 when its price rocketed to the $20,000
mark, but it suffered 70% losses last year as the bubble well and truly burst.
Yet it has recovered well this year, going from $3,691.86 to north of $5,600
The crypto market is competitive and Bitcoin’s biggest rival is arguably Ethereum, which has the second largest market cap. Bitcoin is more of a digital currency, whereas is more of a decentralized platform that runs smart contracts. Bitcoin is more widespread, accepted by various retailers and even many sportsbooks, as a Betdsi review will attest. Yet Ethereum also has a platform-specific cryptographic token, Ether, which is traded as a digital currency exchange like other cryptocurrencies and used within Ethereum to…