Bitcoin is currently priced at a touch over $50,000, the first time that the cryptocurrency has been valued above the $50,000 bracket since May of this year.
But what forces propelled Bitcoin back above that marquee figure? And how significant is it, in the long term?
“The overall narrative right now is insanely bullish,” Jason Deane, Bitcoin analyst at Quantum Economics, told Decrypt, noting that “There are a multitude of reasons for Bitcoin’s price action right now.”
Bitcoin’s rise to $50,000
Those reasons, Deane argued, included “a continuation of increasing active wallet addresses and an accumulation pattern that is indicating a possible incoming supply restriction on exchanges.”
According to Curtis Ting, managing director at Kraken for Europe, the Middle East, and Africa, open interest for Bitcoin futures “surged upwards this morning, suggesting renewed speculation on the Bitcoin price.”
What’s more, Deane suggested that international news surroun
Źródło: https://decrypt.co/79166/what-breaking-50000-means-bitcoin
