Tesla, led by Elon Musk, confirmed that it bought about $ 1.5 billion in bitcoin in January and expects to start out accepting it as a fee sooner or later.
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Bitcoin’s worth reached a brand new file excessive of just about $50,000 on Sunday, as main Fortune 500 corporations confirmed assist for digital currencies.
The world’s largest cryptocurrency by market worth surged greater than 5% to an all-time excessive of $49,716 Sunday afternoon, in response to knowledge from business web site CoinDesk.
The digital asset reversed course Monday, sinking 2.4% within the final 24 hours to a worth of round $47,925.
The Valentine’s Day surge was thought to have been pushed by information of enormous corporations like Tesla, Mastercard and BNY Mellon warming to cryptocurrencies.
