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The REAL Reason Bitcoin Price is PUMPING! (8 Minute explanation)Bitcoin crossed the level of $31, in July and is again at a low in August at $27, but has shown immense recovery in October at. The short answer: As a concept. The short answer is no, crypto is not dead. Far from it. Phew, so it's settled, then? Not so fast. That's not to say it's not facing quite a few.