Bitcoin Price Breach $55,000 – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides


Summary Of The Week

As the week started with a sea of green candles, bitcoin’s price breached $50,000 for the first time since early September and then went on to breach $55,000 for the first time since May. Bitcoin seems poised to rally throughout the rest of the year as more institutional support gathered over the last week, which is always a good sign. Here’s what happened in Bitcoin this week:

Bullish News To Drive The Price Up

Monday started off with bullish news from El Salvador when their president, Nayib Bukele, revealed that the country had seen over 3 million people sign up to use its Chivo bitcoin wallet in just 26 days, which means over two-thirds of adults in the country now use the app, which in itself is a remarkable feat.

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