Bitcoin touches $50K for first time in months in summer bounce back

Bitcoin hit $50,000 for the first time since May after dropping to $29,608 last month.

The $50,000 level was reached on Monday. As of Tuesday afternoon, the price of a bitcoin was resting at about $48,100. The flagship cryptocurrency is not the only one that has seen gains. Ethereum was up more than $3,300 after plunging to less than $1,800 in July, and Ripple has more than doubled in value since late last month.

While the summer rebound in prices is notable, it is still not quite the surge that was seen earlier this year when Read more…

Please follow and like us: