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Bitcoin Tops $50K For The First Time

Britain Cryptocurrencies
FILE- In this Dec. 8, 2017, file photo, coins are displayed next to a Bitcoin ATM in Hong Kong. British lawmakers are urging regulation for cryptocurrencies such as bitcoin in a report that describes the current situation as the “Wild West.” In a report Wednesday, Sept. 19, 2018 on digital currencies, Parliament’s Treasury Committee called for regulations to protect consumers and prevent money laundering. (AP Photo/Kin Cheung, File)

Bitcoin is topping 50-thousand dollars for the first time.

The price of the world’s largest digital currency jumped by three-percent this morning.
It has been on the rise since Tesla announced last week it was buying $1.5 billion worth of the cryptocurrency and would accept it for payments.

However, Bitcoin has been highly volatile. It soared in 2017 to nearly 20-thousand dollars, then lost more than three-quarters of its value the following year.