The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Cryptocurrency continues to recover, with Bitcoin breaking through the $50,000 mark today, the first time since May. This also pushed the market value of Bitcoin to $949 billion, once again moving towards the $1 trillion mark.

According to Coinmarketcap data, as of press time, Bitcoin was quoted at $50,337, up 2.42% in 24 hours. Driven by Bitcoin, except for stablecoins, Solana (SOL), which has soared a lot recently, the rest of the top ten currencies have all risen in unison, with Ethereum breaking through the $3,330 mark, a new high since mid-May.

Good news stimulates cryptocurrency market sentiment to turn bullish

CNBC believes that two major events have driven positive sentiment in the cryptocurrency market over the past few days. The first is that Coinbase announced that it would purchase more than $500 million in cryptocurrencies; the second is that payment giant Paypal announced that it would allow British customers to buy, hold and sell digital currencies.

According to Alternative.me data, the Crypto Fear & Greed Index, which measures the sentiment of the cryptocurrency market, has turned from 22 points of extreme fear last month to 79 points of extreme greed.

Will Bitcoin challenge a new high or plummet? 

Bitcoin hit a record high in April, breaking through the $64,000 mark, but was sold off in large quantities in June and July, even falling below $30,000. One of the main reasons for this decline is that China has strengthened its supervision of the cryptocurrency industry, forcing Bitcoin mining operations in China to close and move elsewhere.

Vijay Ayyar, head of business development at Luno, said that when the price of Bitcoin was cut by about 50% from its all-time high in April, there were many buyers at the level of $29,000 to $30,000.

Vijay Ayyar said: "A lot of big players are holding on to these price levels. Bitcoin may challenge its all-time highs again."

Although Bitcoin has turned bullish recently, Gareth Soloway, president of InTheMoneyStocks.com, said in an exclusive interview with KitcoNews on the 20th that although he predicts that Bitcoin will reach $50,000 to $52,000 in the short term, it will eventually plummet to $18,000.

Soloway warned: "Bitcoin will eventually reach the $18,000 mark, I really have no doubt."

Dan Held, director of market growth at Kraken, Europe's largest cryptocurrency exchange, recently predicted that the future market value of Bitcoin will reach a maximum of $200 trillion, equivalent to a price of $9.5 million per Bitcoin.

After Bitcoin broke through the $50,000 mark today, Dan Held congratulated on Twitter: "Bitcoin $50,000."