Home / Market Update / Cryptocurrency / Bitcoin Jumps to an Unprecedented Peak, Backed by News of Tesla’s Investment

Bitcoin Jumps to an Unprecedented Peak, Backed by News of Tesla’s Investment

Bitcoin jumped more than 14% to an unprecedented peak after Tesla announced that it had invested nearly $ 1.5 billion in cryptocurrency last month.

And that news raised Bitcoin to exceed 44 thousand dollars.

The electric car maker revealed the investment ten days after its CEO, Elon Musk, added the hashtag “#bitcoin” to his Twitter account, which raised Bitcoin on that day.

Check Also

Asian Markets Mixed as U.S. Election and China’s Fiscal Policies Weigh on Sentiment

Most Asian markets faced declines on Tuesday, with traders cautious ahead of the U.S. presidential …