Bitcoin is hovering around the $50,000 level after briefly rising to a level being closely watched for the first time in more than two years, a notable return from cryptocurrency scandals and surveys that cast doubt on the viability of the industry.
The largest digital asset rose to $50,328 in the U.S. and traded at $49,980 as of 7:40 a.m. on Tuesday in Singapore. The value of Bitcoin has tripled since the beginning of last year after a 64 percent drop in 2022. Bitcoin is still below the all-time high of around $69,000 achieved in November 2021.
Source (Al-Arabiya.net Website, Edited)
