Bitcoin is rising, has breached over the 50,000$ mark
Prices have recovered after trading in a range of about $30,000 to $40,000 for many weeks, after declining from a record near $65,000 in mid-April
Bitcoin broke back above $50,000 on Monday for the first time in three months as investors piled back into the cryptocurrency on bargain-buying. The largest cryptocurrency by market capitalization, reached as high as $50,152.24, the highest since mid-May, up 2.5%.
Bitcoin has recovered after trading in a range of about $30,000 to $40,000 for many weeks, after it plunged from a record near $65,000 in mid-April. Still, it’s up significantly in the past year.
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