Alva Review-Courier -

By MATT OTT 

Cost of a single Bitcoin exceeds $50,000 for first time

 

February 17, 2021



SILVER SPRING, Md. (AP) — The seemingly unstoppable rise of Bitcoin continued Tuesday with the cost of a single unit of the digital currency rising above $50,000 for the first time.

The price of Bitcoin has risen almost 200% in the last three months and its volatility was on display Tuesday. After rising above $50,600, it fell back to $48,674 at 2:15 p.m. ET. At that price, with about 18.6 million Bitcoins in circulation, Bitcoin has a market value of nearly $907 billion.

Bitcoin is rallying as more companies signal the digital currency could eventually gain widespread acceptance as a mea...



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