Bitcoin Price Surpasses $51,000 for First Time Since Mid-May
© REUTERS / Dado RuvicFILE PHOTO: A representation of virtual currency bitcoin is seen in front of a stock graph in this illustration taken November 19, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
© REUTERS / Dado Ruvic
MOSCOW (Sputnik) - The price of the Bitcoin cryptocurrency surpassed the $51,000 mark in the early hours of Monday, for the first time since May 13.
Data from the Binance cryptocurrency exchange showed that Bitcoin was trading up a little over three percent at 0:12 Moscow time on Monday (21:12 GMT on Sunday), with its price standing at $51,596.
Meanwhile, the CoinMarketCap portal showed that Bitcoin’s value was going up 2.96 percent, to $51,612.
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. At the end of last month, the Bitcoin price surpassed the $50,000 mark, demonstrating stable recovery after the sharp fall in May.