Bitcoin has stayed over $50,000, according to coindesk’s bitcoin tracker, after reaching $55,000 on october 6. because of the price’s earlier surge over $50,000, it has been hovering around $40,000 for many weeks now. what should cryptocurrency investors make of the recent upsurge in the market capitalization? according to the medical professionals we talked with, there is nothing to be worried about at this time. bitcoin has been trading at daily highs of $50,000 up until september, and it hasn’t traded at or over that level since then. despite a precipitous drop to below $30,000 as recently as july 20, the cryptocurrency has failed to equal its all-time high of more over $60,000 reached in april of this year.
however, given the cryptocurrency’s history of volatility, this price increase should not be seen as a surprise.
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