Bitcoin Hits Above $50,000; BTC on Its High Price

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In this Webstory, we will talk about the Bitcoin price hitting the $50,000 mark on Monday and its doubled price in the past year.

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Bitcoin soared to its highest level since December 2021, surpassing the $50,000 mark for the first time in over two years, triggering a rally in cryptocurrencies and related stocks.

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Coinbase stock and bitcoin ETFs surged alongside bitcoin miner Marathon Digital (MARA), which vaulted.

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Bitcoin reached above $50,200 on Monday afternoon, hitting $50,314 in the morning, while Ethereum hovered near $2,650 at four-week highs.

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Despite a brief dip after the ETF launch, Bitcoin remains up over 18% this year.

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Coinbase saw a 3.8% surge, reclaiming its 50-day moving average, while Marathon Digital stock jumped 14.2%, nearing late December highs.

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