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#Bitcoin surges above $50,000 for the first time in 100 days

The popular crypto Bitcoin has surged above $50,000 for the first time in 100 days; it broke back above $50,000 on Monday for the first time in three months

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Bitcoin surges above $50,000 for the first time in 100 days

The popular crypto Bitcoin has surged above $50,000 for the first time in 100 days; it broke back above $50,000 on Monday for the first time in three months as investors piled back into the cryptocurrency on bargain-buying.

The largest cryptocurrency by market capitalization, reached as high as $50,152.24, the highest since mid-May, up 2.5%.

Bitcoin has recovered after trading in a range of about $30,000 to $40,000 for many weeks after it plunged from a record near $65,000 in mid-April. Still, it’s up significantly in the past year.

The recovery comes after Bitcoin was trading at a price between roughly $30,000 and $40,000 over the last several months. It had dropped from a record of almost $65,000 in mid-April.
According to Coinbase, Ether, the coin linked to the Ethereum blockchain network, also rose recently, reaching $3,295 early Saturday.

Global cryptocurrency adoption among individual investors has risen significantly over the past year, according to Chainalysis, a blockchain data firm. Global crypto adoption rose roughly 881% in the last year.

The global cryptocurrency market cap was at $2.16 trillion on Sunday, according to data from CoinGecko.com, and cryptocurrency trading volume in the last day was at $109 billion.

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