Bitcoin tops $50,000, hitting a more than 3-month high

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Bitcoin tops $50,000, hitting a more than 3-month high
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Bitcoin hit $50,000 on Sunday, hitting a more than 3-month high, as the cryptocurrency continues to rebound.

hit $50,000 on Sunday to reach a more than 3-month high, as the cryptocurrency continues to rebound.

The digital coin rose above that level around 10:40 p.m. ET on Sunday, according to data from CoinDesk. Bitcoin hit an all-time high over $64,000 in April but sold off heavily in June and July, even dipping below $30,000. One of the major reasons was renewed regulatory scrutiny from Chinese authorities which hasIn the last few days, two key announcements have been positive for the cryptocurrency space. Last week,

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