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Shatters every possible record: Bitcoin does not stop
Less than a day after Tesla announced a $ 1.5 billion takeover of Bitcoin last month, the price of the leading cryptocurrency completes a daily jump of more than 20 percent - and continues to break records
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Bitcoin
Roy Katziri
Tuesday, 09 February 2021, 08:08
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Do not hold?
It may be time (Photo: ShutterStock)
Tesla electrified crypto market: Alon Musk's report to the US Securities and Exchange Commission yesterday that it made a cumulative $ 1.5 billion purchase of bitcoin in January boosted the cryptocurrency to a new high.
Less than a day later, on Tuesday morning (around 2:00 Israel time), the price of Bitcoin on the world's crypto exchanges reached more than $ 47,000 - breaking the all-time record it set yesterday.
In Tesla's report to the SEC, the company added that it intends to start accepting payment via Bitcoin "in the near future, subject to applicable laws and starting on a limited basis, which we may or may not liquidate upon receipt of payment."
This decision may make Tesla the first automaker in the world to allow digital currency payment.
With an all-time record breaking this morning, the price of bitcoin completes a daily increase of more than 20% and a weekly jump of about 38%.
Since the beginning of 2021, the price of the leading crypto currency has climbed more than 60%, after doubling its price more than fourfold in 2020.
The record price of Bitcoin (NYSE: BTC) this morning, $ 47,131, reflected a market capitalization of more than $ 872 billion.
This value is equivalent to about 63% of the total value of the crypto market, which numbers more than 8,400 types of digital currencies.
The total value of the crypto market this morning totals more than $ 1.3 trillion.
In second place in terms of market value, after Bitcoin, is Ether, the currency of the blockchain platform Etherium.
Yesterday, Ether broke the all-time record, when its price on the crypto exchanges reached a level of $ 1,770.
The price of ether (NYSE: ETH) has risen by more than 130% since the beginning of 2021.
Earlier this week, futures trading on Ether was launched on the Chicago Derivatives Exchange, CME.
In third place in the market, the price of the Polkadot currency has jumped about 15% in the last day, surpassing in its market value XRP, the currency of the blockchain ripple platform.
Folkdot (NYSE: DOT) reached its all-time high this morning, $ 23.85, according to CoinMarketCap.
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