Crypto News Recap: Bitcoin Hits $50K for First Time Since May Crash

Crypto News Recap: Bitcoin Hits $50K for First Time Since May Crash

Last week the cryptoverse was on fire, as almost all cryptocurrencies were trading in the green. To put things into perspective, Bitcoin is extending its bullish race breaching $50k threshold this morning and Etheruem is conquering new highs at $3,343.

Also, Cardano (ADA) has toppled Binance coin (BNB) to become the world's third-largest cryptocurrency. Notably, Polkadot (DOT) has climbed the rank to become the 8th coin and confidently crossed the $28 level soaring almost 21.49% in one week. Moreover, Solana became recently the 10th coin by market cap setting new all-time highs briefly touching a record high of $78.63.

This new boost can be attributed to Coinbase's promising announcement and Walmart’s new vacancy that could lead the giant retailer to warm up to crypto payments. This upward trend suggests that institutional investors are back in the game and doubling down their crypto investments.