Bitcoin jumps 10per cent to record high on Tesla investment news

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 66%

United States News News

United States United States Latest News,United States United States Headlines

Bitcoin jumped more than 10per cent on Monday to a record high after Tesla said it had invested US$1.5 billion in the most popular cryptocurrency ...

Bitcoin jumped more than 10per cent on Monday to a record high after Tesla said it had invested US$1.5 billion in the most popular cryptocurrency last month.

The logo of the Bitcoin digital currency is seen in a shop in Marseille, France, February 7, 2021. REUTERS/Eric Gaillard/FilesLONDON: Bitcoin jumped more than 10per cent on Monday to a record high after Tesla said it had invested US$1.5 billion in the most popular cryptocurrency last month. The news sent Bitcoin soaring as high as US$43,625 as of 1300 GMT. Smaller cryptocurrencies including ethereum and XRP that tend to move in tandem with bitcoin also jumped, rising as much as 5per cent and 4per cent respectively.The electric carmaker unveiled the investment ten days after its chief executive Elon Musk drove up the cryptocurrency's price by adding a"#bitcoin" tag on his Twitter profile page.

Musk removed the tag from his Twitter bio a few days later but has continued talking up bitcoin and other cryptocurrencies, in particular, dogecoin, to his 46 million Twitter followers. In December, he had mooted the possibility of converting"large transactions" of Tesla's balance sheet into bitcoin.Advertisement

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin breaks US$44,000 on Tesla investment newsLONDON: Bitcoin jumped more than 15 per cent on Monday (Feb 8) to a record high after Tesla said it had invested US$1.5 billion in the most ... Meanwhile the people who lost their Bitcoin account password
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »