Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

Bitcoin jumped $50,000 (£36,480) for the first time in three months before falling back slightly, as the cryptocurrency continues to recover from a slump, the BBC reports. The coin fell sharply in May after a crackdown in China and a decision by Elon Musk's Tesla not to accept it as payment. Investor confidence is improving as more mainstream financial companies begin using the digital currency. Although still down on a peak of $63,000 in April 2021, Bitcoin is still up 80% since January, when it was trading at just $27,700. On Monday, it climbed almost 3% to $50,266.90 while Ether, another popular digital coin, was up more than 4% at $3,367.51. PayPal will now allow customers in the UK to buy, sell and hold Bitcoin and other digital currencies as it expands its crypto services outside of the US for the first time. Boasting 403 million active accounts globally, the US firm is one of the largest mainstream financial companies to offer users access to cryptocurrencies. Continued support from the US Federal Rese