From the Financial Times:
Bitcoin is back. But it is a bumpy ride.
Since the beginning of June, prices for the cryptocurrency have rushed 50% higher – a resurgence that followed a year of lackluster trading after the price bubble at the end of 2017 popped.
So far, the rally is still a shadow of that 2017 surge, which took prices to almost $20,000. It is also unstable; prices collapsed 10& in minutes on June 26, with no obvious cause. Still, at just under $12,000 on Friday, this is a hefty recovery from under $8,000 at the start of June.