After a turbulent weekend that saw it spike to as high as $42,350, the price of Bitcoin, the most popular cryptocurrency in the world, is slightly higher on Monday morning. As of right now, the price is trading at roughly $42,287, up 1% from Friday’s closing price.
A number of factors, such as expanding institutional investment and growing optimism about the cryptocurrency’s future, have helped to drive up the price of bitcoin in recent weeks. But according to other analysts, a correction may be imminent and the recent rally may not be sustainable.
Source (CNBC)
