Bitcoin soars to $50,000 for the first time since May 15

The price of the cryptocurrency Bitcoin rose to $50,000 for the first time since May 15, according to trading data.

And the bitcoin currency grew during the trading session today, Monday, by 2.27%, to reach $ 50 thousand, according to data from the “Coindesk” portal.

The last time the cryptocurrency price was above $50,000 was on May 15, 2021.

Bitcoin price continues to recover after a sharp drop in late spring, when the cryptocurrency lost nearly a third of its value in May, and then its price fell to $37.3 thousand from 57.7 thousand. 

In June, the index did not change significantly, but as of around the second half of July, the value of bitcoin has risen, continuing for the fifth week in a row. The historical record for the value of bitcoin reached in April is $64.85 thousand.