Amid the regulatory storm, Bitcoin "makes a comeback" and breaks through the $52,000 mark

On September 7, the media learned that in the early hours of this morning, the price of Bitcoin broke through the $52,000 mark.
In mid-April, the price of Bitcoin hit a record high of $65,520, before a correction of about 50%. In the past few weeks, Bitcoin has gradually recovered. On August 23, Bitcoin broke through the $50,000 mark for the first time since mid-May.
Bitcoin's "comeback" is related to its increasing recognition in the market.
On August 19, Coinbase CEO Brian Armstrong said that the board of directors had authorized the inclusion of $500 million worth of cryptocurrencies on the balance sheet. Armstrong, co-founder and head of the platform at Coinbase, tweeted that Coinbase will also invest 10% of all profits in cryptocurrencies.
Although cryptocurrencies, led by Bitcoin, have shown repeated trends in recent days, global regulation of cryptocurrencies has not been relaxed.
On September 3, the central bank mentioned in the "China Financial Stability Report 2021" that it would strengthen the supervision of platform companies' financial activities and crack down on Bitcoin mining and trading. It is necessary to make up for the shortcomings of the regulatory system, speed up the improvement of the modern financial regulatory system, and strengthen regulatory coordination.
Gary Gensler, chairman of the U.S. Securities and Exchange Commission, has also warned of the risks of cryptocurrencies several times this year and said that supervision of them will be strengthened.
According to Coinmarketcap data, as of press time, the price of Bitcoin is $52,821.52, up 2.12% in 24 hours. (Capital)