Bitcoin to spike over $48000 as crypto market rises to $2 trillion

Compared to its Friday morning values, Bitcoin has gained more than 9%, regaining its previous high of $47,000.
The flagship digital asset is trading at $47,762, down 0.23% on the day but up 9.08% in the last seven days.
In this fourth quarter of 2021, the digital asset market has transitioned from a pessimistic to an optimistic trend.
Bitcoin, the biggest and oldest cryptocurrency, finished last week with solid gains progressing into Uptober.
A favorable price rise in Bitcoin has been recently pinpointed by observers, after a faltering start at the beginning of last week.
The famous cryptocurrency continues to flourish. In general, BTC appears to be on its way to surpass the $48,000 threshold, indicating that buyers are gaining momentum in the market. The global cryptocurrency market has climbed beyond the $2 trillion barrier since Friday.