The price of digital currency bitcoin has exceeded 50 50,000. Bitcoin has gone above the level of 50,000 for the first time in 4 weeks. Bitcoin has increased by 2.35% and reached 50,39.
The last time Bitcoin hit the 50,000 mark was in early September
Bitcoin spent most of the third quarter in the lower range of $ 30,000 when investors were worried about regulatory policies in China and the United States.
The bitcoin peaked at more than $ 64,000 in April and sold out in June and July. But then a bitcoin fell below $ 30,000. went.
Major reason was the renewal of regulatory scrutiny by Chinese authorities, which forced bitcoin mining operations to close or relocate.
Bitcoin price of has been rising steadily since mid-July
