The seemingly unstoppable rise of Bitcoin continued Tuesday with the cost of a single unit of the digital currency rising above $50,000 for the first time.
SILVER SPRING, Md. — The seemingly unstoppable rise of Bitcoin continued Tuesday with the cost of a single unit of the digital currency rising above $50,000 for the first time. The price of Bitcoin has risen almost 200% in the last three months and its volatility was on display Tuesday. After rising above $50,600, it fell back to $48,674 at 2:15 p.m. At that price, with about 18.6 million Bitcoins in circulation, Bitcoin has a market value of nearly $907 billion. Bitcoin is rallying as more companies signal the digital currency could eventually gain widespread acceptance as a means of payment.
