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COST OF A SINGLE BITCOIN EXCEEDS $50,000 FOR FIRST TIME

The seemingly unstoppable rise of Bitcoin continued with the cost of a single unit of the digital currency rising above $50,000 for the first time.

The price of Bitcoin has risen almost 200% in the last three months and its volatility was on display Tuesday. After rising above $50,600. At that price, with about 18.6 million Bitcoins in circulation, Bitcoin has a market value of nearly $907 billion.

Bitcoin is rallying as more companies signal the digital currency could eventually gain widespread acceptance as a means of payment. The vast majority

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