Bitcoin Rises Above $ 50,000 As Goldman Restarts Crypto Desktop

Bitcoin Rises Above $ 50,000 As Goldman Restarts Crypto Desktop

Goldman Sachs logo. Photo: Pavlo Gonchar / SOPA Images / LightRocket via Getty Images

The price of bitcoin (BTC-USD) climbed back above $ 50,000 amid reports that Goldman Sachs (GS) is considering restarting its cryptocurrency trading desk.

Reuters reported that Goldman was restarting an office to handle Bitcoin futures and undeliverable transfers on behalf of clients. A source close to the bank confirmed the details of the report. Goldman Sachs declined to comment.

Bitcoin was trading 5.1% higher at $ 51,466.96 just after 10 a.m. in London on Wednesday. This marked a one-week high for the cryptocurrency.

Bitcoin has rallied strongly over the past 24 hours. Photo: Yahoo Finance UK

Naeem Aslam, chief …

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