Bitcoin, Gold Prices Soar Above Pre-Slump Levels
Bitcoin and gold prices surged this week after a slump that saw Bitcoin dip below $60,000 in late June. The cryptocurrency had fallen from its January high of around $95,000 due to investor sentiment shifting away from speculative assets earlier in the year.
Crypto supporters were also concerned about the lack of progress on proposed regulations for the industry. However, by Friday, Bitcoin prices rose above $77,000, indicating a significant turnaround.