Bitcoin up over 21% in best weekly performance since Feb. 2021. Bull run or bull trap?

Bitcoin up over 21% in best weekly performance since Feb. 2021. Bull run or bull trap?

Bitcoin, the world’s largest cryptocurrency by market capitalization, rose 21.7% from Jan. 11 to Jan. 18, trading at US$21,212 at 2 p.m. on Wednesday in Hong Kong. Ether gained 18% in the same timeframe, changing hands at US$1,576.

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With Bitcoin above the US$21,000 mark, the world’s benchmark cryptocurrency has returned to its…


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