Bitcoin hits record high amid Wall Street momentum
Bitcoin hits record high amid Wall Street momentum

The price of the Bitcoin cryptocurrency was going up over 2.5 percent in the early hours of Monday, briefly surpassing the $50,000 mark. Data from the Binance cryptocurrency exchange showed that Bitcoin was trading up 2.5 percent and was at over $50,000 at 02:42 GMT on Monday.

Meanwhile, the CoinMarketCap portal showed that Bitcoin’s value was going up 2.33 percent, to $49,915. At the start of August, the price of Bitcoin was on the rise, hitting the highest level since mid-May at over $44,000 on August 8.