Bitcoin hits the strongest level since May

bitcoin price-today

  • Bitcoin in terms of market value rose 4.6% to $ 53,859.6.
  • It passed $ 50,000 on Tuesday for the first time in four weeks.
  • Bitcoin fell below $ 50,000 in early September.


Bitcoin reached its highest level since mid-May on Wednesday as bulls bid for cryptocurrency after breaching the $ 50,000 mark in the previous session.

The world’s largest cryptocurrency measured in market value rose 4.6% to $ 53,859.6. It passed the $ 50,000 mark on Tuesday for the first time in four weeks on rising institutional interest.

In early September, bitcoin fell below $ 50,000 during a broad sell-off in shares of cryptocurrency and blockchain-related companies. It fell further in September, hitting a low of $ 40,596 on September 21st.

According to reports on Wednesday, the management of the Soros Fund, owned by billionaire investor George Soros, confirmed on a Bloomberg summit that the fund trades in bitcoin. “We own some coins – not much,” Dawn Fitzpatrick, the fund’s chief executive, was quoted as saying.

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