Bitcoin crosses the 50k Mark since May

Bitcoin reached almost $65,000 due to a high tide of liquidity, fast-money bets, and growing demand from institutional investors, in April

RBI's CBDC may help India's bitcoin and cryptocurrency investors — Quartz  India

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.

What do you think is next for Bitcoin? let us know in the comment section below

To know the price of the coins click here

For more content based cryptocurrency news and reviews click here


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

Comments (No)

Leave a Reply