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International Business Times
International Business Times
Business
AFP News

Bitcoin's Renewed Euphoria As Price Keeps Rising

Bitcoin Crypto Grayscale
Bitcoin's price has soared by more than 20 percent this month and more than tripled since January last year (Credit: AFP)

Bitcoin is forecast to keep on rising after hitting fresh two-year highs above $50,000 on Thursday, leaving analysts to wonder whether investors have moved on from recent cryptocurrency setbacks, including scandals.

The world's biggest cryptocurrency reached $52,749, a high since December 2021. Its market capitalisation also went back above $1 trillion this week, according to cryptocurrency data platform CoinGecko.

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