Bitcoin jumped to $50 000 for the first time in more than two years, staging a remarkable comeback from a series of crypto industry scandals and bankruptcies that had raised questions about the viability of digital assets.
The original cryptocurrency has tripled in value since the start of last year, climbing back from a 64% plunge in 2022. Bitcoin last traded at $50 000 in December 2021. The price is still below the all-time high of almost $69 000 reached in November 2021.
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