Bitcoin breaks back above $50,000 as crypto market continues to rally

Bitcoin broached the key $50,000 level once again as the wider cryptocurrency market continued its rally.
 

The largest cryptocurrency rose as high as $50,363 on Monday, having briefly surpassed $50,000 on Aug. 23 as well -- a level it hadn’t hit since mid-May. Ether, the second-largest crypto, rose as much as 3% to $3,843, continuing a strong run after its London upgrade early last month. 

Other coins also gained, with the overall crypto market cap jumping 5% to $2.3 trillion, according to CoinGecko.com pricing. Number-three crypto Cardano is nearing a $100 billion market value amid optimism about smart contracts, and