Bitcoin Regains $25,000 since June, Bearish Tone Remains

The largest cryptocurrency, bitcoin, topped $25,000 on Sunday for the first time since June, with data on Bitstamp’s exchange hitting $25,050, the highest level since June 13.

The benchmark cryptocurrency was trading at $25,012 at 11:20a.m. Hong Kong Time, up over 1.5% during the intraday, according to CoinMarketCap. Some analysts believe the bullish momentum is attributed to stimulation of the upcoming merge of Ethereum, while some suggest the bearish tone remains.  
Cryptocurrencies struggled in the first half of the year due to high inflation and the Federal Reserve’s policy of raising interest rates, with the prices of other tokens such as Bitcoin …

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