Bitcoin retakes $46,000 as rebound continues

Bitcoin retakes $46,000 as rebound continuesBitcoin retakes $46,000 as rebound continuesBitcoin traded as high as $46,050.61 on Monday. That's its highest level since May 16, when it hit $49,770.33, according to Coin Metrics. Bitcoin hovered in the $30,000 range for weeks after falling from its May highs and has been climbing since the end of July, clearing the 200-day moving average Monday. RT: A representation of virtual currency bitcoin is seen in front of a stock graph Dado Ruvic | Reuters The price of bitcoin broke past $46,000 on Monday morning after a high stakes weekend for the crypto industry as the Senate continued debating the details of its part in the still yet-to-be-passed infrastructure bill.