Bitcoin $BTC is up 22% currently, as the main crypto currencies are making a strong rebound following several days of precipitous falls.

NEM, the  victim of a recent £250 million heist at an exchange in Japan, is up 50% today thus far, the best performance in the top 20 cryptos by market cap.

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Bitcoin $BTC is up 22% currently, as the main crypto currencies are making a strong rebound following several days of precipitous falls.

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NEM, the  victim of a recent £250 million heist at an exchange in Japan, is up 50% today thus far, the best performance in the top 20 cryptos by market cap.

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It will be interesting to see whether this recent fall, where Bitcoin lost around 66% of its value since the December 17th all time high, has shaken the confidence of investors that up until the recent fall, were all convinced it could never fall, due to the 21 million coin limit,  and was destined to reach the sky in value.

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Bitcoin has just proven that it too is subject to the normal greed and fear rules of investment, it is not exempt. Hopefully this will lead to a more pragamatic approach by investors who are/were being attracted into some poor quality ICO’s on the premise that it’s the ‘next Bitcoin’.

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