Finance

Bitcoin (BTC) price hits $50,000 for the first time

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In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in front of the Bitcoin course’s graph on February 09, 2021 in Paris, France.

Chesnot | Getty Images

Bitcoin’s price broke above $50,000 for the first time in history Tuesday, continuing its blistering rally as major companies appear to be warming to cryptocurrencies.

The world’s largest digital currency by market valuable rose more than 3% to an all-time high of $50,389 at 07:32 a.m. ET, according to data from Coin Metrics.

Bitcoin has gotten a boost from news of large firms like TeslaMastercard and BNY Mellon warming to cryptocurrencies. Tesla last revealed it had bought $1.5…



Source cnbc.com

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