Bitcoin has surged more than 35% in the last month and the race to $50,000 is being fueled by institutional interest

The leading cryptocurrency was worth more than $60,000 in mid-April but faced intense resistance and radically corrected to less than $30,000 in just two months.

Now, the momentum is on the rise thanks to a bull run that has pumped Bitcoin from by 35% in just a month, valuing it at $47,000 — and headed towards the $50,000 threshold.