Bitcoin is experiencing a consistent recovery in the market. With 5.8% gain, it rose above $40000 on Wednesday. The rise for eight straight days in market is the longest streak for Bitcoin this year.
Though it has crossed the $40000 mark, it is way less than its mid-April high of $65000. The market value of the virtual currency was fluctuating for some period, but this consistent rise has fuelled its investors. Bitcoin is a virtual currency, created in 2008 as an alternative to the traditional currencies.
