Bitcoin just jumped above $47,000 and could be on a straight path to $50,000, analysts say
Bitcoin flew above $47,000 Friday afternoon to round off a week of optimism in the crypto markets following a bearish few weeks and a recent battle in Congress over a provision in the infrastructure bill.
Bitcoin rises 7.07% to $47,587.38
Bitcoin surged 7.07% to $47,587.38 at 2200 GMT on Friday, adding $3,142.93 to its previous close.
Bitcoin, the world's biggest and best-known cryptocurrency, is up 71.6% from the year's low of $27,734 on Jan. 4.
Ether , the coin linked to the ethereum blockchain network, rose 7.86% to $3,284.18 on Friday, adding $243.55 to its previous close.
Reference: CNBC, Reuters
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