Bitcoin surges towards $52K, reaching highest level since May ...News

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Bitcoin surges towards $52K, reaching highest level since May
The price of the world’s most popular cryptocurrency, bitcoin, has continued to rise on Monday, after topping $50,000 the previous day. The digital asset is up 81% from this year’s low of $27,734 on January 4. Bitcoin was trading at $51,843 per coin as of 08:00 GMT, up almost 4%.  Some experts say that the test will be for the cryptocurrency to remain above $51,000, which will give the market a better idea of whether it can sustain a level above $50,000.  Analysts point out that the move above the key psychological level of $50,000 came as industry insiders hinted that bitcoin purchases by major companies and institutional investors co

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