Cryptocurrencies
Bitcoin Breaks Back Above $50,000 in Crypto Rally
- Ether has been gaining; Cardano nears $100 billion market cap
- JPMorgan cautions on potential signs of market froth
This article is for subscribers only.
Bitcoin broached the $50,000 level once again as the wider cryptocurrency market continued its rally.
The largest cryptocurrency rose as high as $50,362 on Thursday, having briefly surpassed $50,000 on Aug. 23 as well -- a level it hadn’t hit since mid-May. Ether, the second-largest crypto, rose as much as 3% to $3,843, continuing a strong run after its London upgrade early last month.