What Biden s $2 Trillion Stimulus Package Means for Bitcoin decrypt.co - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from decrypt.co Daily Mail and Mail on Sunday newspapers.
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.
Tesla confirmó una inversión en Bitcon y disparó el precio iproup.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iproup.com Daily Mail and Mail on Sunday newspapers.
Market Update
Meme-based cryptocurrency Dogecoin (DOGE) gained 25% in minutes on Feb. 4 after a fresh endorsement from the worldâs richest man.Â
DOGE/USD 1-minute candle chart (Bittrex). Source: TradingView
DOGE in new Elon pump
Data from Cointelegraph Markets and TradingView showed DOGE/USD rebound past $0.05 per token on Thursday, edging towards new all-time highs.
Musk, who is known for name dropping Dogecoin and Bitcoin on Twitter but just days ago said that he was taking a break âfor a while,â returned to post a picture of a rocket and the moon.
âDoge,â he added in a subsequent comment, with later tweet reading âUr welcome,â accompanied by a doctored image of the Dogecoin shiba inu mascot as Simba in the Disney film, âThe Lion King.â