Bitcoin recovers from a drop to reclaim the $50k range

Bitcoin recovers from a drop to reclaim the $50k range.

After a week of hovering in the mid-$40,000s, Bitcoin prices rose to around $50,000 on Sunday evening.

Over the weekend, trading volume on major centralized exchanges remained modest, significantly lower than the previous week’s high.

Bitcoin fell to as low as $42,333 on December 4, and the low trading volume suggests that the price recovery may be short-lived.