Bitcoin, the world’s largest cryptocurrency, surged past $54,000 to the highest in almost five months as bullishness returns to the market following the prior months’ slump.
At press time, bitcoin was trading at $54,220, up 8.7% over the last 24 hours. It was the highest price since May 12, before a crackdown by China on its domestic cryptocurrency and other negative news helped push the price below $30,000. In February, the bitcoin price had hit an all-time high close to $65,000.
