Bitcoin is on the rise: the cryptocurrency market is on the rise after a difficult 2022!

Halfway through the year, 2023 has been a good year so far for Bitcoin and the cryptocurrency market!

For investors who greeted the New Year with a lot of pessimism, this is particularly good news.

Bitcoin, which has been hit by regulatory uncertainty and the collapse of crypto giant FTX, has fallen below $16,000 per coin, a far cry from the record $69,000 set in 2021.

However, six months on, Bitcoin's value has largely increased and optimism is slowly replacing fear in investors.

Bitcoin currently stands at around $31,000, 50% higher than the $20,000 levels seen in June 2022!

Compared to the $16,000 price at the beginning of 2023, there has been an increase of almost 87%, a huge return in just six months!

And Bitcoin is not the only digital asset to outperform in the first half of this year.

Ethereum, the second largest cryptocurrency by market capitalisation, is up more than 60% since January.

XRP is up around 40%.

And Cardano has seen a more modest increase of 16%.

This year's bull crypto market will be driven by several factors.

First, the macroeconomic environment has been less volatile than last year and recession fears have eased somewhat, especially in the last few months. It is also true that many economists are still predicting an economic downturn.

During economic downturns, investors tend to flee risky investments for safer and more stable stores of value.

For the time being, Bitcoin and other cryptocurrencies are still new asset classes.

However, the performance of Bitcoin and other cryptocurrencies this year shows that digital assets are still a valuable investment opportunity!