Bitcoin Has Rallied More Than 50% This Year After Hitting A Fresh High

SourceForbes
SectorTechnology
CountryMiddle east

Bitcoin prices have climbed significantly thus far in 2021, rising from less than $29,000 at the start of the year to nearly $45,000 today. The world’s most prominent digital currency reached a fresh, new high of $44,801.87 this morning, according to CoinDesk data. At this point, bitcoin was up nearly 55% this year, additional CoinDesk figures reveal. After approaching the $45,000 level, the digital asset fell back somewhat, but it was still trading north of $43,000 at the time of this writing. [Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] Tesla Makes Waves When explaining the digital currency’s latest price gains, several market observers pointed to the recent news that Tesla, Inc. had purchased $1.5 billion worth of bitcoin, something the company revealed in a document filed with the U.S. Securities and Exchange Commission. In addition, the auto maker revealed plans to “begin accepting bitcoin as a form...read more...