Bitcoin extends its gains, breaking through the $50,000 level

 Bitcoin jumped above $50,000 Monday, at one point reaching its highest level in more than two years.

The price of the flagship cryptocurrency was last higher by 4% at $50,168.36, according to Coin Metrics. Earlier, it rose to $50,334.00, its highest level since December 2021. Ether was higher by more than 5.5% at $2,643.80, after rising to $2,638.62 for the first time since Jan. 12.

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