Bitcoin (BTC) has crossed a major psychological resistance, breaching $50,000 for the first time since the May crash. After consolidating below $49,000 overnight, BTC surged ahead in early hours and closed the day at $50,100 as of 9 am IST with a 2.7 per cent daily increase. In the last one month, BTC has rallied from $33,000 levels with a gain of more than 50 per cent.