Bitcoin breaks through $50,000 for the first time since May

The crypto revival is fuelling predictions that the largest virtual coin is back on the path to hit $100,000.

Bitcoin topped $50,000 for the first time since May as crypto prices continued an ongoing recovery from a disorderly rout just three months ago. The largest virtual coin advanced 3.8% to $50,272 as of 6:53 a.m. in New York, with other tokens including Ether and Cardano’s ADA also rising. The revival in virtual currencies has excited the animal spirits of the crypto faithful, putting predictions of $100,000 or more for Bitcoin back in vogue. Others see the volatile asset carving out a wider trading range for now.