Major Reasons Behind Bitcoin's Recent Surge
A fter hitting the rocks at a market price of less than $45000 some weeks ago, Bitcoin surged to its highest level in 5 months on Wednesday the 6th of June 2021, when it traded above the $50000 mark as most Altcoins show remarkable bullish sentiments. George Soros This bullish price movement was partly due to a news item which revealed that a renowned hedged found owned by billionaire investor George Soros trades bitcoin. Dawn Fitzpatrick, the chief executive of the fund was quoted saying "We own some coins - not a lot," The worlds most traded cryptocurrency' value rose on Tuesday October 5th by 6.3% trading at $54750. on Wednesday, its market value rose to $55,499.96, its highest since middle of May 2021. Seasonal Effects Historical data has shown that the price of bitcoin usually rises in t...