Bitcoin’s value briefly surpassed the mark of $50 thousand for the first time since May 15. This is evidenced by the trade data.

As of 05.42, the bitcoin rate was growing in price by just over 2.5 percent to over 50 thousand dollars. Later the rate of the first cryptocurrency decreased and was about 49.9 – 49.8 thousand.

According to the CoinMarketCap portal, which calculates the average price for more than 20 exchanges, bitcoin rose 2.33 percent to $49,915.

On July 20, it was reported that bitcoin dropped in price by more than six percent – to $29.6 thousand. The fall of the most popular cryptocurrency happened after a big sales in global stock markets, as well as against the background of news from China. The People’s Bank of the People’s Republic of China ordered the country’s large financial institutions to stop carrying out operations with cryptocurrency.