After Crypto Crash Bitcoin Price Is Back Above $40,000
Bitcoin is showing early signs of recovering from the massive crash in late May that wiped half of its gains this year. On Wednesday, the world's largest cryptocurrency crossed the symbolic benchmark of $40,000 after its biggest single-day jump in six weeks on Monday. The digital currency on Thursday appeared to be retaining most of its gains this week and showing stability in a market that has otherwise remained volatile for the past two months. Analysts see the recent uptick in Bitcoin's value to be backed by the positive remarks of influential investors including billionaire CEO of Tesla and SpaceX Elon Musk.
Read full story