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See why Bitcoin recovers and increases again

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Yusuf Boluwatife

 

 

Bitcoin, on Monday, rose back above $50,000 for the first time in three months.

For some time, the holders of Bitcoin have been lamenting the fall of the cryptocurrency which got a blast on Monday, August 23, after popular payments giant PayPal announced its acknowledgement as a legal tender.

Experts say Bitcoin continues its recent recovery, moving above the $50,000 mark it last attained in May. Though eyebrows are still raised whether it will hit its record high of $64,000.

Meanwhile, PayPal has announced that this week, it will begin to allow users in Britain to buy, hold and sell cryptocurrency through the online payment platform for the first time.

 

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