Bitcoin crosses $50,000 for the first time in three months

Inching near the $50,000 level all weekend, Bitcoin (BTC-USD) finally climbed above the milestone on Sunday evening as the crypto continues to rebound from its collapse in early May. The upward movement sent the total market value of cryptocurrencies to $2.2T, while crypto trading volume over the last 24 hours reached $109B. Also rallying on the news: Cardano (ADA-USD) +9%; Binance Coin (BNB-USD) +6%; Ethereum (ETH-USD) +3%; Dogecoin (DOGE-USD) +2%. Catalysts: On Friday, Coinbase said it would add $500M in crypto to its balance sheet and allocate 10% of profits into a crypto assets portfolio. This morning, PayPal announced it will allow people to buy, hold and sell four types of cryptocurrencies - Bitcoin, Ethereum, Litecoin and Bitcoin Cash - in the U.K. It's the company's first international expansion for its crypto offering outside the U.S., where it launched the service in October 2020. Global crypto adoption has risen some 881% in the past