• Bitcoin recently neared $50,000 as it continues to rebound after months of weakness.
  • The world's largest digital currency by market value rose to $49,821 on Saturday afternoon in New York, according to data from Coinbase. It was trading at a price of $48,876 as of 10 a.m. ET on Sunday.
  • The recovery comes after Bitcoin was trading at a price between roughly $30,000 and $40,000 over the last several months. It had dropped from a record of almost $65,000 in mid-April.
    • © Provided by CNBC An illustration showing physical bitcoins alongside binary code displayed on a laptop.

    Bitcoin neared $50,000 as it continues to rebound after months of weakness

    The world's largest digital currency by market value rose to $49,821 on Saturday afternoon in New York, according to data from Coinbase. It was trading at a price of $48,876 as of 10 a.m. ET on Sunday.

    The recovery comes after Bitcoin was trading at a price between roughly $30,000 and $40,000 over the last several months. It had dropped from a record of almost $65,000 in mid-April.

    Ether, the coin linked to the ethereum blockchain network, also rose recently, reaching $3,295 early Saturday, according to Coinbase.

    Global cryptocurrency adoption among individual investors has risen significantly over the past year, according to Chainalysis, a blockchain data firm. Global crypto adoption rose roughly 881% in the last year.

    The global cryptocurrency market cap was at $2.16 trillion on Sunday, according to data from CoinGecko.com, and cryptocurrency trading volume in the last day was at $109 billion.

    SEC warms up to a Bitcoin ETF

  • Concrete is the foundation of just about everything. It's used to construct buildings, highways, bridges, roads and more. During the Covid-19 pandemic, concrete fell victim to the same phenomena affecting other essential materials and goods: snarled supply chains and labor shortages. And demand for concrete appears to have only increased after the Senate passed the $1 trillion infrastructure package. Watch the video above to learn more about the cement-concrete supply chain.Cement and concrete industries get ready for demand boom amid U.S. infrastructure push Concrete is the foundation of just about everything. It's used to construct buildings, highways, bridges, roads and more. During the Covid-19 pandemic, concrete fell victim to the same phenomena affecting other essential materials and goods: snarled supply chains and labor shortages. And demand for concrete appears to have only increased after the Senate passed the $1 trillion infrastructure package. Watch the video above to learn more about the cement-concrete supply chain.CNBC LogoCNBC
  • Joe Biden wearing a suit and tie in front of a flag: President Biden takes questions from reporters after delivering remarks on the evacuation of Afghanistan.Biden grilled by reporters after delivering remarks on evacuation of Kabul President Biden takes questions from reporters after delivering remarks on the evacuation of Afghanistan.CNBC LogoCNBC
  • a man wearing a costume: The U.S. military can airlift 5,000-9,000 people out of Kabul per day. These people generally include U.S. citizens, embassy staff, NATO country citizens and Afghans who qualify for immigrant visas. The Pentagon said Thursday that of the 2,000 evacuated in the previous 24 hours, an estimated 300 were Americans.13,000 people have been evacuated from Afghanistan in five days, but thousands still wait The U.S. military can airlift 5,000-9,000 people out of Kabul per day. These people generally include U.S. citizens, embassy staff, NATO country citizens and Afghans who qualify for immigrant visas. The Pentagon said Thursday that of the 2,000 evacuated in the previous 24 hours, an estimated 300 were Americans.