Major companies such as Tesla are now investing in Bitcoin Credit: DADO RUVIC/REUTERS Bitcoin has jumped 14pc in a week to trade at over $58,000 per coin, recovering fully recovering from a steep sell-off at the end of February when it plummeted to around $44,000. Its bull run this year, which has seen the digital currency double in value, has been credited to a wave of support from large companies, such as Tesla, Mastercard and JP Morgan. Tesla, the electric car giant run by Elon Musk, announced it had invested $1.5bn (£1.1bn) in the cryptocurrency to diversify its balance sheet by investing in “alternative” assets and said it would begin to accept Bitcoin as a form of payment for its products in the near future.