Bitcoin has smashed through the $50,000 threshold for the first time in over three months
Bitcoin has smashed through its 3-month high of $50,000, as the cryptocurrency continues to rebound.
The world’s largest crypto is currently treading at $50,050 with market value up 2.5%. This comes as its highest point since May 15.
“It’s not the first time we’ve crossed this legendary milestone, but given the advancements in the industry lately, $50,000 certainly seems justified at this time,” said Mati Greenspan, CEO of Quantum Economics.
How did we get here?
In April, Bitcoin hit an all-time high at over $64,000. Over June and July, the price dipped as low as $30,000 as crypto traders sold off their savings. Since then, crypto has been steadily rising across the board.
Bitcoin’s market value is up 2.5%
This comes as Paypal announces it will be expanding its crypto services internationally.
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