Bitcoin reached almost $65,000 due to a high tide of liquidity, fast-money bets, and growing demand from institutional investors, in April
After a lot of disappointing months, bitcoin has finally reached the $50,000 level after recovery of almost 3 months with other tokens including Ether and Cardano’s ADA also seeing a rise.
However, in recent months the price of Bitcoin fell down due to environmental concerns. The crackdown on cryptocurrency in China affected the sentiments and resulted in the price falling below $30,000 after May.
Another fall that bitcoin faced was when the Tesla CEO, Elon Musk tweeted that Tesla will not we accepting Bitcoin for the purchase of any tesla product.
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