Bitcoin Surpasses $50,000 for the First Time in Over 3 Months
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[Asia Economy Reporter Cho Hyun-ui] The price of the cryptocurrency Bitcoin surpassed $50,000 for the first time in over three months since May.
According to the cryptocurrency exchange CoinDesk, as of 1:54 PM KST on the 23rd, Bitcoin was trading around $50,261.
Bitcoin began to exceed the $50,000 mark just before noon that day and even surpassed $50,300 around 1 PM.
Bitcoin, which reached an all-time high by surpassing $64,000 in mid-April, turned downward due to a series of negative factors including China's stringent regulations, and at one point fell below the $30,000 level.
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