Page 99 - Bitcoin News Today

The increased interest in bitcoin reflects how a community of cryptocurrency enthusiasts on the mainland continues to thrive, despite a sweeping government ban.

Bitcoin soared above $60,000 for the first time in more than two years on Wednesday as the popularity of spot ETFs drove a renewed trading frenzy for volatile cryptocurrencies.

LONDON: Bitcoin passed the US$60,000 mark on Wednesday (Feb 28) approaching its all-time high and continuing its unbridled rise since the approval of a new type of investment indexed to the cryptocurr

The original digital currency increased as much as 5.2% to $54,438 after trading in a narrow range for more than a week. It last traded at this level in December 2021, and reached an all-time high of almost $69,000 the prior month.

Before Market Opens: Indian markets are likely to open lower on Tuesday following caution global peers with Asian shares on the back of slightly warmer-than-expected Japanese inflation, while the US stock market ended lower on Monday. Lets take a look at some key cues before the market opens today:

Bitcoin has soared to a more than two-year high above $57,000 after enterprise software firm MicroStrategy Inc announced it had bought about 3,000 more of the tokens for $155 million

The digital asset added as much as 4.4% to reach $57,039 before paring some of the jump to trade at $56,473 as of 10:22 a.m. Tuesday in Singapore. Bitcoins price has increased 33% since the turn of the year, extending a prolonged rally that has also stoked speculative appetite for smaller tokens like Ether and BNB.

Crypto investing and software firm MicroStrategy disclosed a purchase of about 3,000 bitcoins for $155 million on Monday.

Cryptocurrency bitcoin hit a two-year high above $57,000 in Asia trade on Tuesday on signs of heavy institutional buying, while smaller rival ether topped $3,200 for the first time in two years.

The last time it traded at this level was in December 2021 when it achieved an all-time high of almost $69,000 the preceding month.