---
title: "Bitcoin hits strongest level since May"
publisher: "Share Talk"
author: "sharetalk"
published: "2021-10-06T15:41:58+00:00"
modified: "2021-10-06T15:41:58+00:00"
date: 2021-10-06
canonical: "https://www.share-talk.com/bitcoin-hits-strongest-level-since-may/"
category: "Blogs"
categories: ["Blogs", "Fintech"]
tags: ["Bitcoin", "BTC", "china", "coin", "cryptocurrency", "Digital", "Elon Musk", "Ether", "Financial", "institutions", "US economy", "US Federal Reserve"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1"
format: "news"
language: "en-GB"
---

# Bitcoin hits strongest level since May

**Published:** October 6, 2021
**Author:** sharetalk
**Categories:** Blogs, Fintech
**Tags:** Bitcoin, BTC, china, coin, cryptocurrency, Digital, Elon Musk, Ether, Financial, institutions, US economy, US Federal Reserve
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1)

---

Oct 6 (Reuters) – Bitcoin hit its highest level since mid-May on Wednesday as bulls bid up the cryptocurrency after it breached the $50,000 mark in the previous session.

The world’s largest cryptocurrency in terms of market value rose 4.6% to $53,859.6. It passed the $50,000 mark for the first time in four weeks on Tuesday on mounting institutional interest. [read more](https://www.reuters.com/technology/bitcoin-hits-50k-first-time-four-weeks-2021-10-05/)

According to reports on Wednesday, Soros Fund management, owned by billionaire investor George Soros, confirmed at a Bloomberg summit that the fund is trading bitcoin. “We own some coins – not a lot,” Dawn Fitzpatrick, the fund’s chief executive, was quoted as saying.

Reporting by Sruthi Shankar and Susan Mathew in Bengaluru; Editing by Anil D’Silva

Our Standards: [The Thomson Reuters Trust Principles.](https://www.thomsonreuters.com/en/about-us/trust-principles.html)

---

**Original URL:** https://www.share-talk.com/bitcoin-hits-strongest-level-since-may/
*Created by [WP Markdown Endpoint](https://wpmarkdownendpoint.com/)*