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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this news and reviews blogs are only to educate, inform and deliver information to the public and is not an investment advice. Nothing should be taken as an offer to buy, sell or hold any cryptocurrency
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