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First Time Bitcoin Has Hit $50,000 In A Month

The rise comes amid a weak start for U.S. stocks in October.

In the wake of Monday’s price surge, Bitcoin broke through resistance at $50,000.

This marks the first time in almost a month the world’s biggest cryptocurrency has crossed this psychologically crucial level.

In addition to bitcoin, Ethereum’s native cryptocurrency, ether, gained 3%, and Polygon’s MATIC coin surged 4.8%. Binance’s BNB coin rose 4%.

On Sept. 7, Bitcoin hit its last high of $50,000 after El Salvador recognized it as official tender. It then fell sharply.

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