Scaramucci said his time working in the Trump administration, from which he was famously fired within ten days of being appointed, was “catastrophic mistake.”
February 19, 2021
Bitcoin, the largest digital currency by market value, continues notching record highs on what feels like a daily basis.
Chances are institutional investors are playing a vital role in this rally because confirmation abounds that Bitcoin is luring more and more big-name participants.
“Following moves by firms such as Tesla, Visa and Mastercard to incorporate bitcoin into their payments infrastructure, institutional banks appear to be getting in on the bitcoin act,” according GlobalData, a leading data and analytics company. “This marks the beginning of a new era for bitcoin – a distinct shift away from a cryptocurrency driven by retail investors to one with more mainstream adoption.”
The Straits Times
Bitcoin soars to new high above US$52,000; sustainability concerns rise
Bitcoin has risen eightfold since last March and has added more than US$700 billion in market value since September.PHOTO: EPA-EFE
PublishedFeb 18, 2021, 8:00 am SGT
https://str.sg/JHW5
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Bitcoin surged to yet another record high, a day after the virtual currency vaulted to the $50 000 hurdle, even as analysts warned against the sustainability of such prices amid elevated volatility.
Bitcoin (BTC), the flagship cryptocurrency, keeps surging to all-time highs.
On Wednesday (February 17, 2021), which was just a day after the digital asset surpassed the $50,000 mark, the crypto had again set a new record above $51,000. Bitcoin is trading at around $51,490 at the time of writing while (earlier) reaching as high as $52,000+.
As the cryptocurrency’s price continues to increase dramatically, analysts have cautioned that the rally may not be sustainable at these prices due to high levels of volatility.
The world’s leading crypto, with a market cap of more than $950 billion (at the time of writing), managed to set a record of $52,577.50, which has been supported by signs of its growing acceptance among major institutional investors and firms like Mastercard and Tesla. The oldest American bank, BNY Mellon, has also announced its Bitcoin-focused plans, while BlackRock, the world’s largest asset manager, has said it is currently planning to “dabble” in Bitcoin