Bitcoin extends gains above $47,000 in Asia By Reuters

US mulls more support for banks while giving First Republic time - Bloomberg News

Bitcoin extends gains above $47,000 in Asia

Cryptocurrency Feb 09, 2021 12:50AM ET

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Bitcoin extends gains above $47,000 in Asia

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SINGAPORE (Reuters) - Cryptocurrencies extended gains in Asia on Tuesday, with bitcoin and ethereum reaching record highs, in the wake of a Tesla (NASDAQ:TSLA) Inc investment in bitcoin.

Bitcoin posted its largest daily percentage gain in more than three years overnight, after Tesla made the announcement in its 2020 annual report.

Bitcoin added as much as 2.5% to hit a record high of $47,565.86 on Tuesday and has gained 61% for the year so far. Ethereum hit a record of $1,784.

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Bitcoin extends gains above $47,000 in Asia

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