Bitcoin price surpasses $50,000 for first time since May 15
The price of the Bitcoin cryptocurrency went up over 2.5 percent in the early hours of Monday, briefly surpassing the $50,000 mark.
Data from the Binance cryptocurrency exchange showed that Bitcoin was trading up 2.5 percent and was at over $50,000 at 02:42 GMT on Monday.
Meanwhile, the CoinMarketCap portal showed that Bitcoin’s value was up 2.33 percent, to $49,915.
At the start of August, the price of Bitcoin was on the rise, hitting the highest level since mid-May at over $44,000 on August 8.