Bitcoin rallies above $50,000

Bitcoin rallies above $50,000

Bitcoin

Today, Bitcoin broke through $50,000 for the first time since early September.

The world’s leading cryptocurrency has rallied in recent days. Bitcoin has seen its price rise from a 30-day low of $39,600 on September 20 to $50,200 as of 2 PM Eastern Time on October 10, 2021.

Bitcoin has had a bumpy road this year. It hit an all-time high of $63,729.5 in April 2021. That high coincided with Coinbase‘s much-hyped IPO.

Since then it fell as low as $28,800 on June 21. The cryptocurrency failed to gain steam until the middle of July. It rallied to just shy of $53,000 on September 6.

What is bitcoin and how to mine few?
What is bitcoin and how to mine few?

Bitcoin is up 1.92 percent over the previous 24-hour period.

Photo Credit: Ivan RadicFlickr


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