Bitcoin breaks through $50,000 in major rebound after summer slump ...News

Russia Today - Economy
Bitcoin breaks through $50,000 in major rebound after summer slump
source : Russia Today ( News ) () 27
The world’s number one cryptocurrency, bitcoin, has topped the $50,000 mark for the first time in three months, gaining on positive news about crypto adoption. Bitcoin reached the key psychological level on Sunday, and was trading at nearly $50,200 on Monday, marking a weekly growth of more than 6%. The cryptocurrency market continued to rebound after US-based crypto exchange Coinbase announced plans to purchase $500 million in digital currencies on its balance sheet and allocate 10% of profits into a crypto assets portfolio. Last week, PayPal said it had let its British customers buy, hold and sell digital currencies, marking the firs

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