Bitcoin hit $50,000 amid Ethereum rise

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Bitcoin has attained a three-month high, hitting  $50,000 as it continues to rebound.

The popular crypto soared above that level trading at $49,471.77 on Monday.

Bitcoin hit an all time high over the $64,000 in April but sold off in June and July dropping below $30,000.

Reports say one of the major reasons was renewed regulations from Chinese Authorities, which has influenced the shutting down of Bitcoin mining operations.

Meanwhile, Ethereum sold higher by 2% at $3,300 on Monday.

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