Bitcoin tops $50,000 for first time since mid-May


The cryptocurrency market turned bullish on Mon-day, with the market capitalisation increasing by 2.2 percent to $2.23 trillion and bitcoin topping the $50,000 mark for the first time in three months.

As of 1125 hours GMT, the price of bitcoin (BTC), the largest cryptocurrency, topped the closely watched $50,000 level for the first time in three months, gaining on positive news about crypto adoption.

The price of bitcoin reached $50,251 after gaining 2.11 percent. With this increase in price, the market capitalisation of the BTC has reached $944 billion.
Likewise, ethereum (ETH) price gained 2.38 per-cent to reach $3,336. —TLTP

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