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Amid a renewed buzz around cryptocurrencies, Bitcoin is reaching the $50,000 mark, a possible record. Bitcoin peaked at $49716. 44 on Sunday morning, according to Coindesk.
Last week, Bitcoin went from about $37,000 to $47,000 when high-level investors entered the fray. Bitcoin is quote$ at $48344. 62 at 10:30 a. m. ET Sunday.
Tesla acquired $1. 5 billion of Bitcoin in January, resulting in a 16% increase after the acquisition was revealed Monday morning. An investment branch of Morgan Stanley is also contemplating betting on bitcoin, according to Bloomberg. Y BNY Mellon, the oldest bank in the US. I’d exchange Bitcoins, on behalf of customers.
Read more: The author of Dogecoin sold all his pieces 6 years ago after being fired, and says he is stunned by the mania around the token founded on memes.
Companies such as Mastercard, PayPal, Square and Visa also allow cryptocurrency transactions on their platforms.
And Bitcoin is the only virtual currency that gets advantages from cryptographic rumor. Tesla CEO Elon Musk said in a tweet that he had bought Dogecoin for his son, prompting a 16% increase in the “meme” token.