Just as we predicted yesterday, the cryptomarket are experiencing major gains as head into the holiday period. Bitcoin just crossed the $4,000 price mark again as at the time of writing this report.
Although, a prominent trader, Peter Brandt just called it a “dead cat bounce”, advising investors not to get their hopes up. According to him, BTC will reach a low of around $1,200 if it doesn’t escape its disappointing downtrend.
This new increase might be accredited to the current massive acceptance of cryptocurrencies by some countries.
Today, Turkey also welcomed its first Bitcoin ATM with more people embracing the machines as a quick way to access cryptocurrencies.
According to recent reports, the number of crypto ATMs has doubled, with six ATMs being installed each day. Most of which are not only limited to Bitcoin but they have now incorporated most of the coins on the top 10 list.