Bitcoin rises 2.1% to reclaim $50,000
Bitcoin rises 2.11% to $50,445.34 on Sunday.
Brokers said that companys’ remarks were enough to finally lift the market. PHOTO: REUTERS
Bitcoin rose on Sunday to reclaim levels above $50,000.
The world's biggest and best-known cryptocurrency gained 2.11% to $50,445.34 at 1803 GMT on Sunday, adding $1,044.80 to its previous close.
Bitcoin is up 81.9% from the year's low of $27,734 on Jan. 4.
Ether , the coin linked to the ethereum blockchain network, rose 0.26% to $4,100 on Sunday, adding $10.78 to its previous close.