Foreign media: Bitcoin price returns to $50,000 mark

According to foreign media reports on September 6, the price of Bitcoin returned to the $50,000 mark on Sunday. On the same day, the price of the cryptocurrency rose by 0.49% to $50,188.4.

Bitcoin, the most valuable and popular of all cryptocurrencies, is known for its wild price swings, peaking at just under $65,000 in mid-April.

However, since mid-May, the price of Bitcoin has been hovering between $30,000 and $40,000. In June and July of this year, the price of Bitcoin plummeted, and even briefly fell below the $30,000 mark on June 22.

It is reported that the last time Bitcoin broke through the $50,000 mark was on August 23 this year, which was the first time the price of the cryptocurrency broke through $50,000 since May.

Bitcoin is a cryptocurrency that uses blockchain as a payment system. It was invented and created by Satoshi Nakamoto in 2009 based on a borderless peer-to-peer network and consensus-driven open source software. Through encrypted digital signatures, it can solve problems such as multiple payments with one coin and transaction security without going through any third-party credit institutions.