Bitcoin’s value soared to $66,000 on May 16, driven by positive reactions to macro economic data from the United States. The unexpected rise, marking a 7.5% gain from the previous day, has elicited a range of responses from investors and analysts, with opinions split on the cryptocurrency’s future trajectory.

Analysts scrutinizing Bitcoin’s price movements have observed varied reactions within the market.&middot

For the full story, head over to TheCurrencyAnalytics.com.

#Bitcoin