On Wednesday, October 5, 2022, the Bitcoin price regained the $20,000 mark and benefitted from the improvement in the stock markets.

The prospect of monetary easing means a resurgence of risk appetite, according to some observers. The queen of cryptocurrencies traded around 20,270 dollars, up around 8% compared to the previous week as midday approached. The market capitalization currently stands at nearly 388 billion, some 31 billion more than seven days earlier.

According to an expert who focuses on the resilience Bitcoin has shown lately, “It's counterintuitive, but it's the world we live in.”

For Matteo Bottacini, a Crypto Finance Brokerage broker, “The past week was once again slow and with little cash flow.”