Price of Bitcoin rises above $50000 for first time in three months – Roya News English
- Date: 23-Aug-2021
- Source: Roya News
- Sector:Financial Markets
- Country:Middle East
Price of Bitcoin rises above $50000 for first time in three months – Roya News English
The price of Bitcoin soared above $50,000 Monday for the first time in three months as investors returned to buying the cryptocurrency.
The price of Bitcoin rose about two percent to reach $ 50,249.15, its highest level since mid-May, when its price began to decline due to a combination of factors, including China's campaign to regulate the cryptocurrency market and the decision of Tesla Chairman Elon Musk to stop accepting it due to concerns on the environmental impact of mining operations.
Since then, Musk has expressed his support for Bitcoin, while many other prominent investors, including Twitter founder Jack Dorsey, have also expressed interest.
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