Showing posts with the label Bitcoin Value.

Bitcoin Value: Bitcoin Surpasses $ 1 Trillion on Tuesday 9, March 2021 (Morning Edition). Bitcoin tops $1 trillion in value again as the cryptocurrency's price jumps Arjun Kharpal 2-3 minutes Bitcoin's value surpassed $1 trillion on Tuesday as the price of the cryptocurrency jumped. The digital coin's price rose on Tuesday and its market capitalization went above $1 trillion in mid-morning trade Singapore time, according to CoinDesk. Bitcoin extended those gains hitting a 24-hour high of $54,348.57 in early afternoon Singapore time, around 7% higher than the same time a day before. Bitcoin has since pared some of those gains. It is only the second time that bitcoin's value has surpassed a $1 trillion after hitting that milestone for the first time on Feb. 19 . Bitcoin's market capitalization held above $1 trillion for a few days, before falling below that mark. Even though bitcoin is sitting off of its all-time-high of $58,332.36, it has seen a huge rally. The d

News | Businness | Bitcoin: Why Bitcoin is Jumping in Value

Image Elon Musk's Tesla buys $1.5bn of Bitcoin causing currency to spike BBC News 3-4 minutes image copyrightGetty Images Elon Musk's car firm Tesla has said it bought about $1.5bn (£1.1bn) of the cryptocurrency Bitcoin in January and expects to start accepting it as payment in future. The news caused the price of Bitcoin to jump 17% to $44,220, a record high. Tesla said it was trying to maximise returns on cash that is not being used in day-to-day running of the company. It comes days after Mr Musk added "#bitcoin" to his Twitter profile page, which drove up the price. He removed it days later, but has continued talking up Bitcoin and other cryptocurrencies, including Dogecoin, which jumped 50% after his endorsement. In a stock market filing, Tesla said it "updated its investment policy" in January and now wanted to invest in "reserve assets" such as digital cur