Bitcoin soars to over $51,000. What’s going on? We answer your questions. – The Philadelphia Inquirer


In 2017, the price of bitcoin saw a similar run-up when within the year speculators drove bitcoin from about $1,200 to its then-high of $19,783. The “great crypto crash’ followed with its value tumbling 80 percent. It languished under $10,000 until July 2020 when bitcoin began to regain strength, fueled by concerns about the federal stimulus program and fears of inflation.





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