Tag: Bitcoin

Bitcoin reached $1 trillion market cap, Elon Musk optimistic it goes up

Bureau

Bitcoin surged to another record high after reaching more than $1 trillion in market value for the first time. In a tweet, Elon Musk said Bitcoin prices “seem high.” The world’s richest person was replying to Peter Schiff — a crypto skeptic and gold bug — who said the precious metal is better than Bitcoin and fiat money. The world’s most popular cryptocurrency rose to an record $56,620, taking its weekly gain to 18%. It has surged more than 92% this year. According to @elonmusk “Bitcoin is almost as BS…

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Bitcoin jumps 14% after Elon Musk hints for accepting payment for cars soon

Bureau

Bitcoin jumped as much as 14% on Friday to a two-week high after Tesla Inc chief Elon Musk tagged the cryptocurrency in his Twitter biography. Musk wrote simply “#bitcoin” in his biography on the social media site. The world’s biggest cryptocurrency was up 10.2% at $36,901 as of 1005 GMT. The billionaire entrepreneur, followed by 43.8 million users on Twitter, has a record of making market-moving comments on the site. The announcement came after two weeks in which comments from CEO Elon Musk encouraged small-time investors to buy bitcoin and…

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