Bitcoin Smashes Through $50,000 Price As Bull Run Suddenly Accelerates
Bitcoin, the first digital currency to scale, has been making it abundantly clear that the current bull market is substantially different from the one cryptocurrencies experienced in 2017 and 2018.
Today, the cryptocurrency recovered, rising to an intra-day high of more than $48,800 and taking back much of the gains it suffered during yesterday’s retracement.
Bitcoin illustrated its resilient nature today, managing to keep much of the gains it experienced during its recent climb toward $50,000.
The world’s most prominent digital currency reached a fresh, all-time high of roughly $49,700 around 5 p.m. EST yesterday, according to CoinDesk data.
However, bitcoin prices quickly fell back, declining below $46,000 last night, additional CoinDesk figures reveal.
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