Crypto market tops $2 trillion for the first time in nearly 3 months as bitcoin rallies

<> on December 7, 2017 in London, England.

CNBC: Bitcoin topped $48,000 over the weekend, its highest level since mid-May but pared some of those gains on Monday

On Saturday, the digital coin hit $48,126.47, its highest level since May 17, according to Coindesk data. Around 2:49 a.m. ET on Monday, bitcoin was trading at $47,442.40.

“so that no one may buy or sell, except he who has the mark or the name of the beast or the number of his name.” Rev. 13:17

The bitcoin recovery comes after it sold off heavily in June and July, even dropping below $30,000 following a record high of over $64,000 in April.

“I do believe this (bitcoin’s rise) is the result of massive accumulation” when bitcoin was trading around $29,000 to $30,000, according to Vijay Ayyar, head of business development at cryptocurrency exchange Luno.