China-Singapore Jingwei Client, August 24th. On Monday, the price of Bitcoin broke through the $50,000 mark for the first time in three months.

In the past few months, Bitcoin has been hovering between $30,000 and $40,000.

As of press time, Bitcoin has fallen below $49,000, falling more than 1% in the day.

Bitcoin Quotes

  According to the "Wall Street Journal" Chinese website, according to CoinDesk data, the most recent transaction price of this cryptocurrency is $50,200, which is about 2.4% higher than 24 hours ago.

  Monday's trend marked the latest milestone for Bitcoin.

After reaching a peak of about $64,000 in mid-April, it has subsequently fallen along with other digital currencies, and now it has regained some of its lost ground.

After falling to a low of $29,608 last month, Bitcoin has now soared 70%.

  On the news, online payment company PayPal announced on Monday that it will allow British customers to conduct cryptocurrency transactions. This is the first time the company's cryptocurrency services have expanded overseas.

  In addition, Walmart is hiring directors to develop a cryptocurrency strategy.

A job advertisement on Wal-Mart’s website in mid-August showed that the company was hiring a senior director at its headquarters in Bentonville, Arkansas, who was responsible for “determining customer needs and converting them into product requirements,” and at the same time determining the relationship with cryptocurrency. Related investments and partnerships.

  Similar to Wal-Mart, Amazon is also hiring for a similar high-level position.

On July 22, Amazon announced the vacancy and recruited a person in charge of digital currency and blockchain products.

  Konstantin Anissimov, executive director of the CEX.IO cryptocurrency exchange, pointed out that “currently, the next resistance level for Bitcoin is $50,000.” “The recent rebound in the price of Bitcoin does not mean that its price will soar, but as more buyers flood in. Enter, Bitcoin is very likely to rise to the mid-term goal of 55,000 US dollars."

  According to data from the blockchain data company Chainalysis, the use of cryptocurrencies by individual investors worldwide has risen sharply in the past year.

Last year, the global use of cryptocurrencies rose by approximately 881%.

(Zhongxin Jingwei APP)