Bitcoin Vs Dollar Rate: Bitcoin was last up up 8.75 per cent at $57,107.2. Cryptocurrency bitcoin hit a market capitalization of $1 trillion as it surged to achieve yet another record high of $56,399.99 on Friday, February 19, continuing its bull stint fuelled by gaining further acceptance from mainstream investors and corporate majors. The world s most popular cryptocurrency surged to an all-time high, crossing the $57,000 mark on Saturday, posting a weekly gain of 18 per cent. It has surged nearly 70 per cent so far this month and was last up 8.75 per cent at $57,107.2. The digital currency countered analyst warnings that it is an economic side show and a poor hedge against a fall in stock prices.
Updated Feb 19, 2021 | 23:45 IST
On Friday bitcoin zoomed to its latest all-time pinnacle at $54,182 after a string of corporate giants embraced the digital unit. Bitcoin market hits $1.0 trillion in value
The total value of all bitcoin topped $1.0 trillion on Friday, capping a spectacular record-breaking week for the world s most popular cryptocurrency.
At about 1625 GMT, bitcoin zoomed to its latest all-time pinnacle at $54,182 after a string of corporate giants embraced the digital unit.
With more than 18.6 million bitcoins created since the digital currency was launched in 2009, the entire market is now worth $1.002 trillion, according to data provider Coinmarketcap.com. This is certainly big news for the industry and this would not have been possible without the involvement of smart money, said AvaTrade analyst Naeem Aslam.
Reserve Bank of India said that it is working on a digital version of the rupee
Digital Currency in India: The government revealed in its budget session that it plans to introduce a new bill on cryptocurrencies, namely the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, which will ban all private cryptocurrencies such as bitcoin and put in place a framework for an official digital currency to be issued by the Reserve Bank of India, according to a legislative agenda listed by the government. Finance Minister Nirmala Sitharaman said in the Rajya Sabha on February 9 that a high-level Inter-Ministerial Committee constituted under the Chairmanship of Secretary (Economic Affairs) will study the issues related to virtual currencies. (
Bitcoin Price Breaks $50,000 Barrier on MicroStrategy s Plan to Buy More BTC
Not long after Elon Musk’s Tesla invested $1.5 billion into Bitcoin, the cryptocurrency has notched up yet another record price.
In brief
This means Bitcoin has recorded yet another all-time high.
The record comes two weeks after Tesla announced a $1.5 billion investment in Bitcoin.
Bitcoin’s price has broken the $50,000 barrier, reaching as high as $50,560, on the news that MicroStrategy will sell $600 million of convertible senior notes to buy more Bitcoin.
The business intelligence firm said today that it intends to sell these notes to institutional investors. The firm intends to use the net proceeds from the sale to acquire more Bitcoin. That would be in addition to the 71,079 BTC it already owns at a current value of $3.5 billion.
Bitcoin Vs Dollar Rate: The cryptocurrency achieved a historic milestone, smashing the $50,00 mark Bitcoin Vs Dollar: Achieving a historic milestone, cryptocurrency bitcoin hit an all-time high record, breaching the $50,000 mark on Tuesday, February 16, continuing its broader bull run after Elon Musk s electric vehicle company Tesla Inc announced a $1.5 billion investment in the world s most famous cryptocurrency. Bitcoin hit an all-time high record of $50,602, amid its dizzying rally mostly fuelled by big investors who are beginning to take digital assets seriously. The digital currency has gained almost 72 per cent this year and Tesla s investment has proved to be a big stride towards mainstream acceptance for the cryptocurrency.