BREAKING: Bitcoin Reclaims $50,000 for the First Time Since Early September as Traders Turn Greedy

BREAKING: Bitcoin Reclaims $50,000 for the First Time Since Early September as Traders Turn Greedy

Bitcoin has managed to revisit the $50,000 level for the first time since Sept. 7, the day El Salvador adopted the largest cryptocurrency as legal tender.

The Crypto Fear and Greed Index, a popular tool for measuring the Bitcoin market sentiment, is now flashing “greed.”The benchmark crypto peaked at $49,811 on the Bitstamp exchange earlier today, stopping short of reclaiming the psychological price point. However, bulls stepped in to push the Bitcoin price higher following several rejections.

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