Bitcoin reached $ 50,000 for the first time in four weeks

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Bitcoin reached $ 50,000 for the first time in four weeks

Bitcoin has risen above $ 50,000 for the first time in four weeks

Bitcoin, the world’s largest cryptocurrency in market value, crossed $ 50,000 for the first time in four weeks on Tuesday, adding to its continued gains since early October.

Shares of cryptocurrency and blockchain-related companies traded higher that day, and cryptocurrency fell below that level on September 7th. It continued to fall in September, falling to $ 40,596 on September 21st.

On Tuesday, Bitcoin rose 2.35 percent to $ 50,398.10.

Cryptocurrency investment products and funds recorded earnings for the seventh week in a row, as data from digital asset manager Coinshares showed on Monday as institutional investors were hot on more supportive statements from regulators.

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