Bitcoin Back to Positive Territory Following Rally at $46,000

The price of Bitcoin hit the level of $46,000, which has put the world’s top cryptocurrency back on track to positive territory for the year, according to Bloomberg.

Bitcoin touched $47,583 during intraday in the Asia trading session, which was above the $35,000 to $45,000 range where it has been stuck since early January.
Bloomberg said that “with the fresh gains, Bitcoin is now up about 1.2% for the year, compared with a 4.7% decline for the S&P 500.”
The Federal Reserve and other central banks have removed some of the stimulus measures around Bitcoin in response to the pandemic downturn, and it has …
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