Bitcoin surges to almost US$45,000 after Tesla discloses purchase
Lynn Thomasson and Olivia Raimonde, Bloomberg News
Bitcoin hits all time high as Tesla plans to accept it as payment VIDEO SIGN OUT
Bitcoin surged to an all-time high after Tesla Inc. said itâs invested US$1.5 billion, the biggest endorsement of the controversial cryptocurrency by a mainstream company.
The digital asset jumped as much as 16 per cent after Tesla made the disclosure in a regulatory filing, with prices exceeding US$44,000 for the first time. Tesla also said it would begin accepting the digital token as a form of payment for its electric cars. Other coins surged as well. Ether gained as much as 11 per cent to a record and Litecoin rallied a similar amount Monday in New York, according to data complied by Bloomberg.
Bitcoin hit news highs of over $44,000 per coin on Monday before paring gains. The rise in digital asset prices is driving crypto-related stocks to huge price
Dow, S&P 500 close at record highs as stimulus optimism continues
Emily GraffeoFeb 9, 2021, 03:17 IST
Traders work on the floor of the New York Stock exchangeSpencer Platt/Getty Images
All three major indexes closed at record highs on Monday as investors remain optimistic for a robust stimulus package.
Oil prices hit their highest level in over a year as an expected recovery in demand brightened a recently grim outlook for the industry.
Bitcoin soared 16% to all-time-highs of $44,795.20 as Tesla invested in the cryptocurrency.
All three major indexes closed at record highs on Monday as investors remain hopeful falling coronavirus cases and a robust stimulus package from the Biden administration will bolster the economic recovery in the coming months.