Bitcoin, after taking a week-long breather in its blistering 2021 bull run, has suddenly shot higher.
The bitcoin price briefly climbed past the closely-watched $50,000 per bitcoin level for the first time late on Monday evening, hitting $50,110 on the San Francisco-based exchange Coinbase and $50,240 on the Singapore-based crypto derivatives exchange Bybit before falling back.
[Update: 07:31 EST] After falling away from the psychological $50,000 per bitcoin level, the bitcoin price has convincingly broken through $50,000—climbing as high as $50,600 on the Luxembourg-based Bitstamp exchange.
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