Bitcoin shrugs off Binance hack to hit 6-month high over $6,000

Bitcoin has shot through the $6,000 barrier and currently sits at close to $6,100 according to CryptoCompare data:

The bulls are certainly back in town. After languishing between $3,000 and $4,000 for months, Bitcoin has made a comeback during April and now into May.

Market sentiment is turning positive, with the real potential for institutional investment to come into the market. News from Fidelity Investments that pensions, family offices, hedge funds, endowments and foundations are interested in adding digital assets to their portfolios.