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International Business Times
International Business Times
Business
AFP News

FOUND: Bitcoin s renewed euphoria as price keeps rising - You Need To See This

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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