POINTS

  • Bitcoin recently neared $50,000 as it continues to rebound after months of weakness.
  • The world’s largest digital currency by market value rose to $49,821 on Saturday afternoon in New York, according to data from Coinbase. It was trading at a price of $48,876 as of 10 a.m. ET on Sunday.
  • The recovery comes after Bitcoin was trading at a price between roughly $30,000 and $40,000 over the last several months. It had dropped from a record of almost $65,000 in mid-April. Source https://www.cnbc.com/2021/08/22/bitcoin-nears-50000-after-months-of-weakness.html