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Bitcoin hits fresh high

Published 02/21/2021, 02:44 PM
Updated 02/21/2021, 02:45 PM
© Reuters. FILE PHOTO: A representation of virtual currency Bitcoin

(Reuters) - Bitcoin continued gaining on Sunday, rising to a fresh high and extending a two-month rally that took its market capitalization above $1 trillion on Friday.

The world's most popular cryptocurrency rose to a record $58,354, taking its weekly gain to around 20%. It has surged around 100% this year.

© Reuters. FILE PHOTO: A representation of virtual currency Bitcoin

Bitcoin's gains have been fueled by evidence it is gaining acceptance among mainstream investors and companies, such as Tesla (NASDAQ:TSLA) Inc, Mastercard Inc (NYSE:MA) and BNY Mellon (NYSE:BK).

Latest comments

Musk said "bitcoin" it jumped 15%. Musk said it overvalued, it makes new highs. Standard artifical hype
The next systemic failure could be the collaspe of crypto currency. No FDIC. No Fed. Only faith that others will continue to support it.
22 years my broker has had my 401K and I've made 10X as much on crypto.  This is why it is popular. If I leave my money to brokers it will be a life time before I can spend it, if I don't die before then,
The bubble will explude
👌👌👌
What is the P/E of bitcoin?
Zero. Same as the P/E of gold.
What is bitcoin🤣
😂😂😂bitcoin P/E !!?? ***?
Oh well! I am not chasing it. I bought at 5, took profit at 7k and watch it went up relentlessly.
i'll be wait....
won't be enough seats when the music stops
Fugget bout seats... there won’t be ebough exit doors... people gonna be stuck fholding the bit**** bags, but of course i have been wrong again... its just that when others be rubbing hands with greed and making plans on the comet, methinks its time to bail ship...
What if !!Just what if !!!
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