Bitcoin Hits $50,000 for First Time Since Dec. 2021

Bitcoin jumped to $50,000 for the first time in more than two years, staging a remarkable comeback from a series of crypto industry scandals and bankruptcies that had raised questions about the viability of digital assets. The currency dropped 64% in 2022. It last traded at $50,00 in December 2021. The price is still below the all-time high of almost $69,000 reached in November 2021. Sonali Basak reports.