Bitcoin’s price rises above $50,000 for the first time since May

It’s the first time bitcoin has reached that milestone since May 15. Bitcoin’s peers also advanced: Ethereum was up more than 3%, while dogecoin rose nearly 2%.

Bitcoin had been inching near that mark all weekend before finally crossing it during Sunday evening hours Eastern Time, according to data from CoinDesk.

The cryptocurrency is also getting a lift after PayPal (PYPL) announced that it will allow people to buy, hold and sell four types of cryptocurrencies — bitcoin, ethereum, litecoin…

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