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. 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.
Adidas will close down its branches in Lebanon by the end of the year as the country’s economic crisis slips out of control. The sportswear giant has joined many popular brands who began withdrawing from the Lebanese market due to the turbulent economic situation caused by a currency collapse.