"The popular cryptocurrency Bitcoin has crossed $50K for the first time in history".

The popular cryptocurrency Bitcoin has crossed $50K for the first time in history

16.02.2021

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Bitcoin, the world's largest digital currency, surpassed $ 50,000 for the first time in history on Tuesday. According to CNBC, now all kinds of big companies have jumped into cryptocurrency. Bitcoin.com says on its website that Bitcoin has crossed the $ 50,000 psychological zone after fighting for more than 24 hours.

The top cryptocurrencies gained more than 154% of their all-time highs in December in terms of market capitalization. Bitcoin received $ 50,603 per unit as of Tuesday morning.

Recently, Bitcoin and other cryptocurrencies have gained momentum due to the support received from various well-known investors, which is one of the major reasons behind the rise in Bitcoin prices.

Tesla & Inc., an American electric vehicle and clean energy company led by tech billionaire Elon Musk, has now bought $1.5 billion in Bitcoin. Once Tesla starts accepting bitcoins, companies will accept cryptocurrency as the world's first major automaker.

Following the announcement, Bloomberg News reported that digital asset prices reached a record high of $43,000. American multinational financial services MasterCard will allow the transaction of selected cryptocurrencies directly through their network before the end of 2021.

“Right now we are preparing for the future of crypto and payments,” he said. This year MasterCard will start directly supporting our network selected cryptocurrency and this will be a big change, but it will require a lot of hard work.

Twitter chief Jack Dorsio said he plans to work with J-Zade to create a fund for bitcoin development. Although the Indian government is not clear about its position on cryptocurrency. Cryptocurrency investors have always feared sanctions in India. Meanwhile, African countries have mixed views on Bitcoin and other crypto-related activities.

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