Can bitcoin surge above $50,000 amid a flurry of positive news?
Bitcoin is pushing higher again today, eyeing more record highs as it inches ever closer to $50,000.
There is clearly some nervousness around this level. We’ve all seen what corrections look like in cryptos and perhaps some are getting anxious about the possibility of one here given the psychological significance of it.
Of course, the flip side of this is that a move above could see it explode higher and the push comes amid a flurry of good news stories for bitcoin.
Tesla’s investment seems a lifetime ago already and Mastercard and BNY Mellon joined the party this week. Who’s next and what will tip it over the edge and trigger the next surge? It’s quickly become the dominant news story which has also never been a bad thing for the space, given its desperation for acceptance.
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