Bitcoin surges to record high in 2023

WEB DESK: Bitcoin experienced a significant milestone as it achieved its first weekly close above the $40,000 level since April 2022.

This upward trend has sparked a wave of optimism among Bitcoin holders, bolstered by a string of seven consecutive weekly gains.

The consistent green weekly closes serve as a strong indicator that bullish sentiment is firmly driving the upward trajectory of Bitcoin’s price.

Read more: Gold prices in Pakistan experience decline

This follows market-shaking scandals, such as the fall of cryptocurrency exchange FTX in November of last year. The founder of FTX, Bankman-Fried, was found guilty last month of all seven counts of felony stemming from the demise of his cryptocurrency company.