Bitcoin tops $47,000 for the first time in months

Bitcoin’s price has found its way back up. Bitcoin is now through $47,000, that was a while ago.

Ups and downs in the world of cryptocurrency are like a kind of roller coaster. Compared to most stocks, it’s sometimes hard to keep up. Bitcoin has been on a downward spiral for the past few months. There has been a small change in that recently.

Bitcoin at $47,000

If you look at last month’s share price, an upward trend is clearly visible. Not without a struggle, by the way, there were really some declines. But today, Bitcoin has gone through the $47,000 price value for the first time in months. The last time the cryptocurrency was on such a price was in May 2021.

And May 2021 was part of a massive decline. Because in April of this year, Bitcoin was still at an all-time high. If you zoom out a bit further, the price seems to be part of a major recovery for now. This also opens the way to the next feat of arms. What this will be is and remains fun to keep an eye on. Because no matter how you go about it. Bitcoin continues to surprise after all these years.

Image: Coindesk