Bitcoin and Ethereum Prices Rebounded Once Again, Because of Course They Did

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There’s a moment in Wreck It Ralph when Fix-It Felix, Jr. strikes the bars on his cell window in hope of escaping confinement only for his magic hammer to strengthen the bars instead. Sometimes it seems like Bitcoin and Ethereum have a similarly enchanted tool lying around, because despite all odds, their prices are rising again.

The price of Bitcoin declined for a few months after China introduced new restrictions that effectively halved the network’s hashrate and prevented financial services from supporting the cryptocurrency. It struggled to remain above $30,000 for weeks, but according to the latest CoinDesk data, BTC is now worth approximately $45,500.

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