Bitcoin has crossed the $65,000 mark after a significant period of stagnation. The sudden rise has led analysts to dissect the various factors influencing this uptick. Key among these is the 'China Effect,' which is being scrutinized for its potential impact on the cryptocurrency's price.
Investors and market watchers are keenly observing how these dynamics play out, as Bitcoin continues to navigate through a volatile market landscape.
Other elements being considered include global economic conditions and regulatory developments that may be contributing to Bitcoin's latest surge.
