#BTC Update 🚀 #Write2Earn #TrendingTopic #Portal
Bitcoin bulls received a long-awaited vindication last week as the flagship crypto scaled new yearly highs to reach $50,000. Only a few days later, it went on to regain its $1 trillion market capitalization for the first time since 2021, creating a widespread sentiment that the worst of this cycle’s crypto winter is firmly in the past.
Following a breakthrough of the symbolic $50,000 barrier, hopes are high that the upward trajectory will continue. But with Genesis just having been cleared to sell GBTC shares worth $1.3 billion and some analysts warning that BTC is overbought, could the tide still turn?
