They will accept bitcoin in theaters of AMC 0:59
New Delhi (CNN Business) -
The price of bitcoin has risen above the $ 50,000 mark, as the virtual currency continues to rebound from a month-long slide.
It is the first time that bitcoin has reached that milestone since May 15.
Its peers also advanced: Ethereum was up more than 3%, while dogecoin was up almost 2%.
Bitcoin had been creeping close to that mark all weekend before finally crossing it during the late hours of Sunday ET, according to data from CoinDesk.
Amazon offers cryptocurrency work and raises bitcoin 1:00
The cryptocurrency is also getting a boost after PayPal (PYPL) announced that it will allow people to buy, hold and sell four types of cryptocurrencies: bitcoin, ethereum, litecoin, and bitcoin cash in the UK.
This announcement marks the first international expansion of the company's cryptocurrency offering outside of the United States, where it launched the service in October last year.
With this move, "cryptocurrency access, awareness and exploration has the potential to become mainstream in the UK," the company said in a statement.
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These cryptocurrencies have another great week 1:09
It's been a turbulent few months for cryptocurrencies.
Bitcoin, which hit an all-time high of nearly $ 65,000 in April and plunged to just $ 28,800 in June after China stepped up its crackdown on digital currencies.
Bitcoin, which had been hovering between $ 30,000 and $ 40,000 for many weeks, began to rebound from its slump last month, when the big tech giants signaled, or appeared to signal, their support for digital currencies.
In July, Amazon (AMZN) posted a job posting for a blockchain and digital currency product leader, sending cryptocurrencies skyrocketing.
The list sparked rumors about the tech company's future involvement with cryptocurrencies and its potential to further legitimize the nascent digital currency sector.
Bitcoin and its peers also received a boost last month due to bullish comments from Tesla (TSLA) and Twitter (TWTR) CEOs Elon Musk and Jack Dorsey, who shared how they have incorporated or plan to incorporate digital currencies into their accounts. business.
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