Bitcoin breaks above $50,000 for first time ever

Bitcoin rose above $50,000 on Tuesday to a new record high, building on rally fuelled by signs that the world`s biggest cryptocurrency is gaining acceptance amongst mainstream investors.

Bitcoin breaks above $50,000 for first time ever
Bitcoin breaks above $50,000 for first time ever. Source: Reuters

Bitcoin rose above $50,000 on Tuesday to a new record high, building on rally fuelled by signs that the world`s biggest cryptocurrency is gaining acceptance amongst mainstream investors.

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Bitcoin hit a new high of $50,000, and was last up 3.9% at $49,891. It has risen around 72% so far this year.

(Reporting by Thyagaraju Adinarayan; editing by Sujata Rao)

 

 

The story has been taken from a news agency

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Updated: Tue, Feb 16, 2021
06:16 PM IST
Reuters
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