Bitcoin has surged to new heights after breaking above $50,000 for the first time Tuesday The cryptocurrency has received a boost from corporations like Tesla, PayPal and Morgan Stanley that have either invested in the coin itself or are looking to increase accessibility to the market Bitcoin vs Gold: Top Differences Traders Should Know Bitcoin Price Forecast: BTC/USD Pushes to New Heights Amid Corporate Adoption
In all too familiar fashion, Bitcoin notched new highs Wednesday just hours after the cryptocurrency breached $50,000 for the first time in history. Even as risk appetite waned in assets like the Nasdaq 100, Australian Dollar and crude oil , demand for the digital asset remained steadfast. Now more than 75% higher in the year-to-date alone, some Bitcoin believers argue the case for a continuation higher has never been stronger as corporations begin wading into the cryptocurrency market.
| UPDATED: 19:59, Wed, Jan 13, 2021
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Bitcoin s price has reassuringly steadied noticeably since the start of the working week. Marcus Swanepoel, CEO of cryptocurrency exchange
Luno, believes last week’s dramatic events are simply something to be expected from time to time.
| UPDATED: 18:25, Tue, Jan 12, 2021
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Bitcoin s price may have started to stabilise today, hitting highs of approximately $36,540 (£26,820) after perilously plunging to a little north of $30,500 (£22,384) on Monday morning amid continuing crypto turbulence.
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Bitcoin has since fallen slightly further and is trading at $34,698 (£25,452) as of 5.30pm GMT, CoinDesk data indicates.
| UPDATED: 21:16, Mon, Jan 11, 2021
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Despite hitting record highs of $41,962 on Friday, bitcoin this afternoon slumped to just above the $30,000 psychological threshold. The digital currency has recorded losses of approximately 20 percent since Sunday at the time of writing.
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Bourbon, by U.S. law, must be aged in new oak barrels. The maturation is also how whiskey increases in value. Agence France-Presse/Getty Images
The fund managers at Wave Financial Group considered different options when they were looking for an investment they could turn into a digital asset. Fine art, wine, and racehorses all lost out to America’s humble native spirit: Kentucky whiskey $2.5 million worth of it.
The group’s Kentucky Whiskey 2020 Digital Fund purchased 2,500 barrels of new whiskey in 2020, betting that the barrels will increase in value by three to five times in the course of the five years they spend stored in a warehouse in Kentucky. The group initially had a higher target of 25,000 barrels.