Bitcoin touches $50K for first time in months in summer bounce back - NewsBreak

Bitcoin hit $50,000 for the first time since May after dropping to $29,608 last month. The $50,000 level was reached on Monday. As of Tuesday afternoon, the price of a bitcoin was resting at about $48,100. The flagship cryptocurrency is not the only one that has seen gains. Ethereum was up more than $3,300 after plunging to less than $1,800 in July, and Ripple has more than doubled in value since late last month.