Over the last 48 hours, following a large loss on Christmas, the Bitcoin price has recovered back to around $4,000. The dominant cryptocurrency, which still holds a market valuation of over $64 billion, has demonstrated wild volatility in a wide price range from $3,100 to $4,300 throughout December, struggling to recover to November levels.
Last month, the cryptocurrency market was valued at around $220 billion. As of December 28, the valuation of cryptocurrencies remains at $133 billion, down $87 billion within a 30-day span.
Key to the Recovery of Bitcoin According to Francis Pouliot, the CEO and co-founder of Bull Bitcoin, a company based in Canada, the asset will recover as individuals continue to build on top of the protocol and the infrastructure supporting the currency strengthens.