Bitcoin climbed above $60,000 Friday, pushing the digital coin further toward its all-time high, as traders speculated U.S. regulators would clear the first bitcoin futures exchange-traded fund.
Bitcoin hit $50,000 on Sunday to reach a more than 3-month high, as the cryptocurrency continues to rebound. The digital coin rose above that level around 10:40 p.m. ET on Sunday, according to data from CoinDesk. It was trading at around $50,095 at 2:45 a.m. ET on Monday. Bitcoin hit an all-time high over $64,000 in April but sold off heavily in June and July, even dipping below $30,000.