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Bitcoin surpassing $41000: Here's the analysts' view point!

  • Following China's announcement that it is about to ease monetary policy, Bitcoin soared beyond $41,000, gaining alongside equities.

  • On Thursday, the largest cryptocurrency gained 0.6 percent to $41,500, marking the second consecutive day of gains.

  • On Thursday, the tighter link between crypto and stocks worked in crypto's favour, as coins closely mirrored gains in Asian stock markets.

  • Both Stockton and Newton expressed concerns about the long-term viability of Bitcoin's comeback.