https://apnews.com/83ca6e694a9f7f432227a1c946a395b2

Cost of a single Bitcoin exceeds $50,000 for first time

SILVER SPRING, Md. (AP) — 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, it fell near $48,000 in the afternoon. Bitcoin’s recent rally comes as more companies signal the digital currency could eventually gain widespread acceptance as a means of payment. Still, few companies accept Bitcoin for payment now and investors mainly treat it as tradeable asset like gold.