The price of bitcoin rallied over the weekend, trading above its 50-day moving average for the first time since early May.
surged Saturday and into Sunday, recently trading at $37,973. according to CoinDesk, after recovering from its dive below the $30,000 level on Tuesday. Bitcoin is up nearly 20% over the past five days.
The weekend gain put bitcoin above its 50-day moving average for the first time since May 9, according to CoinDesk data.
Bitcoin is up 21% over the past month, and is 30% higher year to date, though more than 40% off its April high.