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Bitcoin is Back at $47,000, Will It Hit $50,000 Again?

Published 08/20/2021, 03:47 AM
Updated 08/20/2021, 04:00 AM
© Reuters.  Bitcoin is Back at $47,000, Will It Hit $50,000 Again?
BTC/USD
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  • Bitcoin prices have experienced some notable volatility.
  • Bitcoin fell to almost $43k but it enjoyed a quick recovery, rising above $47,000.
  • The crypto community is eyeing BTC at $50k and the next bull run.

Since May, Bitcoin prices have experienced some notable volatility, falling below $30,000 following the China crypto market crackdown and other factors as well.

However, the largest crypto by market cap touched $47,000 again on Friday as changing behavior continued to hint at the next bull run. Last two days, the crypto was trading at around $44,000. And this recent price surged triggered the crypto community to eye BTC at $50k and the next bull run.

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