The price of bitcoin this week topped $50,000 for the first since the end of 2021, marking a dramatic return for the world’s most popular cryptocurrency.
The rise was fuelled by “a rush of new-investor enthusiasm” and growing hype about a “cryptic-sounding” event known as “the halving” said CNN Business. Bitcoin’s comeback has been “one of the more surprising market stories” of recent months, said Yahoo Finance, and followed an “epic” collapse that “burned many investors and took down some of the industry’s biggest names”.
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