Home / Market Update / Cryptocurrency / Bitcoin Hits Record Highs

Bitcoin Hits Record Highs

It reached an unprecedented peak at $ 62,575, to continue its series of gains in 2021 and reach a new peak.

The price of the largest cryptocurrencies in the world has more than doubled this year amid the growing acceptance of the traditional financial sector as an investment tool and means of payment, and as investors search for high-yielding assets in light of low interest rates.

Major companies have expressed acceptance of, or invested in, cryptocurrencies, including BNY Mellon, MasterCard and Tesla.

Check Also

RBA

RBA Holds Rates Steady, Signals Prolonged Tight Monetary Policy Amid Persistent Inflation

The Reserve Bank of Australia (RBA) maintained its benchmark interest rate at 4.35% on Tuesday, …