Less than two months into 2021, the price of bitcoin has risen 95.4%. A day after the leading cryptocurrency rose more than $5,000 and along the way achieved a $1 trillion market cap, bitcoin (BTC) on Saturday morning set yet another all-time high, crossing $57,000 for the first time and sparking a broad rally among … Read More
As if all the rage surrounding Bitcoin needed another catalyst, news of Elon Musk buying $1.5 billion of the leading cryptocurrency swept over the digital currency world, and it saw its price vault above $48,000 for the first time. Musk is following in the footsteps of Square Inc. (SQ) and MicroStrategy Inc. (MSTR) in buying … Read More
Bitcoin’s bull run may be set to intensify as the market anticipates a pick up in corporate demand prodded on by Tesla’s (TSLA) major investment in the cryptocurrency. “Prices can fly very high, I expect other heavyweights to follow suit,” trader and analyst Alex Kruger told CoinDesk over WhatsApp, referring to Tesla’s bitcoin (BTC) purchases … Read More