October finally brought a smile to cryptocurrency enthusiasts as the price of digital currencies rebounded.

In September, the price of digital coins took a big hit when China announced a blanket ban on crypto trading.

Related: Why Crypto Is Under Pressure On Friday

However, on Wednesday Bitcoin surpassed $ 55,000, its highest level since mid-May. The most popular cryptocurrency reached over $ 64,000 in April, but fell below $ 30,000 in July.

Related: 4 Things You Don’t Know About Bitcoin

Dogecoin, Tesla (TSLA) – Get the Tesla Inc report CEO Elon Musk’s favorite cryptocurrency has also rebounded.

AMC news on Tuesday (AMC) – Get the Class A report from AMC Entertainment Holdings, Inc. accepting Dogecoin for digital gift cards has helped drive up its price. Company CEO Adam Aron said digital gift cards can be purchased using a BitPay wallet.

It is currently trading around 25 cents per coin. In May, it crossed 70 cents for the first time, but lost value in June to drop below 16 cents.

Related: What is Dogecoin?

Dogecoin Millionaire Glauber Contessota took to Twitter (TWTR) – Get the Twitter, Inc. share his enthusiasm.

“Buckle up, we’re all going to the moon!” He tweeted.

Related: Dogecoin’s First Millionaire Explains Crypto Slang For Newbies

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