Bitcoin Price Surpasses US$50k First Time Since May 15

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Getty/AFP/File / Ethan Miller After years of speculation on the identity of the crypto-currency Bitcoin's founder, Craig Wright, an Australian entrepreneur, has revealed himself as its creator
Getty/AFP/File / Ethan Miller After years of speculation on the identity of the crypto-currency Bitcoin's founder, Craig Wright, an Australian entrepreneur, has revealed himself as its creator

The price of the Bitcoin cryptocurrency was going up over 2.5 percent in the early hours of Monday, briefly surpassing the $50,000 mark.

Data from the Binance cryptocurrency exchange showed that Bitcoin was trading up 2.5 percent and was at over $50,000 at 02:42 GMT on Monday.

Meanwhile, the CoinMarketCap portal showed that Bitcoin’s value was going up 2.33 percent, to $49,915.

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.

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