For the first time since May, Bitcoin crossed $50,000 and continued higher early Monday before slipping beneath the psychologically important level.
As intraday trading, the cryptocurrency was trading at $49,820.80.
Bitcoin hit a record high of $64,829 in April, per CoinDesk, before trading in the $30,000 to $40,000 range in the subsequent months as regulatory talk intensified.
In other cryptocurrency news, PayPal marked its first international expansion of services, allowing customers in the U.K. to buy, sell and hold Bitcoin and other cryptocurrencies beginning Monday following a similar U.S. service launch in March.
Recap TheStreet Live: Everything Jim Cramer Is Watching 8/23/21
PayPal is a holding in Jim Cramer's Action Alerts PLUS charitable portfolio.