Bitcoin is trading around $51,000 as of 22:00 UTC, scoring a gain of 6.3% over the last 24 hours.
Maintaining a solid start of the month, Bitcoin at last reclaimed $50,000 as upbeat investors yearn for a resurgence of the uptrend observed in early February.
Bitcoin grew 5% on Wednesday to just above $51,000, and traders are guessing whether the movement signifies a renewal of this year’s powerful bull run or simply a bounce back in the wake of last week’s sharp drop to around $42,000.
The leading cryptocurrency is currently up 10% in March, and a gain performance this month would score the sixth successive monthly increase, the first time that’s occurred in the last seven years.
As of the late hours of Wednesday, Bitcoin was switching hands just above $51,000 on the Coinbase exchange. The leading cryptocurrency is still well behind its all-time-high cost of $58,000 achieved late in February.
We remind that currently an uptrend in the crypto field is also observed in other places after the Mary update was successfully activated on the Cardano network.
