Bitcoin rally tops double digit gain in 2020 as crypto cap soars 23% in two weeks

Bitcoin rally tops double digit gain in 2020 as crypto cap soars 23% in two weeks

In the wake of a reasonably low risk-appetite following a dubitable Sino-US “Phase One” trade deal with no signs of further improvement in tariff talks before November US Presidential election, safe-haven appeals seemed to be resonating louder since the beginning of the year, while crypto markets have already posted double-digit gains over the first two weeks of 2020 as a number of traders were leaning towards cryptos despite a slew of legal backlashes and regulatory setbacks in multiple countries including the municipality of Beijing which had recently banned mining and trading of cryptocurrencies.