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Monday, September 27, 2021

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Bitcoin value surpasses $ 50,000 for the first time since May

The price of the bitcoin It surpassed $ 50,000 on Monday morning for the first time in three months, amid renewed investor interest in the cryptocurrency.

By 09:25 GMT, the unit was up 4% up to $ 50,350, the highest level since May, when it began to depreciate due to a series of issues such as Chinese control over cryptocurrencies and the decision to Elon musk, boss Tesla, to stop accepting it due to the environmental impact of the mining of these currencies.

However, the electric vehicle giant later signaled its support for the bitcoin, while other high-profile investors, such as the Twitter founder, Jack dorseyThey also expressed interest.

Its listing is now boosted by an ad from the online payments giant Paypal “which extended its cryptocurrency buying and selling service to the UK,” “a clear sign of growing demand,” according to independent analyst Timo Emden.

And the announcement last week of [la plataforma] Coinbase, which will invest $ 500 million of its treasury in cryptocurrencies, participated in the market excitement, “added Neil Wilson, analyst at Markets.com.

The bitcoin it has risen more than 70% since June, when it traded at $ 29,000, and speculation is that it could continue to climb towards $ 100,000.

Rick Bensignor of Bensignor Investment Strategies estimated Monday that it “is approaching the highest point of … its new trading range” of between $ 40,000 and $ 50,000.

However the bitcoin it remains far from its all-time high of nearly $ 65,000 in April.

Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: [email protected] Phone: +1 513-209-1700

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