Bitcoin has been performing strongly over the past month.
After a difficult year that once saw the world’s largest cryptocurrency plunge nearly 34%, Bitcoin (BTC) has now regained most of its lost ground, with its trading price rebounding above $85,070, nearing an eight-month high.
Despite a favorable regulatory environment, cryptocurrency investors appear to have lost interest earlier this year, perhaps drawn instead by artificial intelligence (AI) and other emerging technologies.
The token also spent much of the Iran conflict struggling, a period that partly drove bond yields sharply higher. Yet, amid a robust rebound, many are now asking whether the crypto winter has ended and a crypto bull market has arrived.
