Bitcoin prices have been struggling lately, dropping to a six-month low on January 24 and then failing to surpass $40,000.
The digital currency, the largest by market value, climbed to an intraday high of $39,262.10 this morning, according to CoinDesk data.
After rising to that level, the cryptocurrency fell back, declining below $38,500 and then rising toward $39,000, additional CoinDesk figures show.
At the time of this writing, the digital asset was trading close to $38,500.[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
Following these latest developments, several analysts offered some perspective on bitcoin, including what key variables are affecting…