Explainer: What's behind bitcoin's latest surge?

Bitcoin has seen a resurgence, with gains of over 70% so far this year, making it one of the best-performing major assets. The increase is partly due to markets predicting central bank interest rate hikes are nearing their peak, buoying risk-on assets such as bitcoin. Other factors also play a role, such as turmoil in the banking sector and hopes that bitcoin can achieve wide usage as a form of payment. https://ift.tt/6beItgp