Bitcoin nears $50,000-mark as it
hits a record in weekend action
Bitcoin nears $50,000-mark as it hits a record in weekend action on Business Standard.
Bitcoin has been buoyed in recent months by endorsements from the likes of Paul Tudor
Jones and Stan Druckenmille
Market News Bitcoin reached a new record on Sunday, rising above
$49,000 for the first time. The world’s largest cryptocurrency reached
about $49,344 earlier in the day, and was around $49,202 as of 10:20
a.m. in London.
It’s now up about 70 per cent so far this year. Rival cryptocurrency
Ether hit a record on Saturday and is up about 150 per cent year-to-date.
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Bitcoin has been buoyed in recent months by endorsements from the
likes of Paul Tudor Jones and Stan Druckenmiller. Bloomberg reported
earlier that Morgan Stanley may bet on Bitcoin in its $150 billion
Following news late last week that BNY Mellon plans to service
cryptocurrencies for its clients. And that’s after Tesla Inc. put about
$1.5 billion into Bitcoin...Read more.
News Source : BS / Business Standard