Bitcoin hits $60,000 in record high

Bitcoin rises 8.5 percent to $36,265

By Administrator_India

Capital Sands

Bitcoin, the world’s biggest cryptocurrency, on Saturday crossed a record high of $60,000.

Bitcoin has risen sharply this year, broadly outperforming conventional asset classes, partly due to broader acceptance as a form of payment.

In recent weeks, companies have taken advantage of its strength to raise hundreds of millions of dollars in funding, capitalizing on improved market sentiment.

A $1.5 billion bitcoin bet last month by Tesla (NASDAQ:TSLA) Inc saw Elon Musk’s electric car company join business software firm MicroStrategy Inc and Twitter boss Jack Dorsey’s payments company Square Inc (NYSE:SQ) in swapping some traditional cash reserves for the digital coin.

Coin base, the biggest U.S. cryptocurrency exchange, filed last month for a Nasdaq listing. Regulatory approval would represent a landmark victory for cryptocurrency advocates seeking mainstream endorsement.

Amid rising customer demand to own and invest in bitcoin, Goldman Sachs Group Inc (NYSE:GS). said this week that it is exploring how to serve those clients while remaining on the right side of regulation. It recently restarted a cryptocurrency trading desk and this month it started dealing bitcoin futures and non-deliverable forwards.

Related Posts
Sensex Loses Over 200 Points, Nifty Slips Below 14,500

By Administrator_India Capital Sands The domestic stock markets have opened in the red, a day after correcting nearly 2 per Read more

Oil Down as Uneven COVID-19 Recovery Stokes Fuel Demand Worries

By Administrator_India Capital Sands Oil was down Tuesday morning in Asia, continuing its trend downwards over persistent worries about fuel Read more

Asian Stocks Mixed, Turkish Turmoil and Inflation Worries on Investors’ Minds

By Administrator_India Capital Sands Asia Pacific stocks were mixed Monday morning, with bond yields and inflation worries continuing to mount. Read more

Dollar Up, Posts Small Gains Ahead of Fed Meeting

By Administrator_India Capital Sands The dollar was up on Tuesday morning in Asia, holding onto small gains ahead of a Read more

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x