Bitcoin Is “Still in the Middle of a Pretty Significant Bull Run,” with Institutions and the Pandemic Acting as Backstops – Investing.com India

Bitcoin Is “Still in the Middle of a Pretty Significant Bull Run,” with Institutions and the Pandemic Acting as Backstops – Investing.com India

On Monday, Bitcoin burst above the psychologically important $50,000 level but now, moving into the weekend, we are back under it and now trading in the $42k to $50k range.

Basically, after rebounding from $30k lows, Bitcoin price is back to the crab market.

Still, the leading cryptocurrency is trading 61.1% above July’s low, around $47,500, as of writing, and recording 60.63% gains YTD.