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The Straits Times Bitcoin soars to new high above US$52,000; sustainability concerns rise Bitcoin has risen eightfold since last March and has added more than US$700 billion in market value since September.PHOTO: EPA-EFE PublishedFeb 18, 2021, 8:00 am SGT https://str.sg/JHW5 They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stori...

Bitcoin surged to yet another record high, a day after the virtual currency vaulted to the $50 000 hurdle, even as analysts warned against the sustainability of such prices amid elevated volatility.

The world's biggest digital currency, which has a market capitalization of over $900 billion, hit a record $51,721.15, fueled by signs that it is winning acceptance among mainstream investors and companies, such as Tesla, Mastercard and BNY Mellon.

<div class="at-above-post addthis_tool" data-url="https://www.metro.us/bitcoin-soars-to-new/"></div>NEW YORK/LONDON (Reuters) – Bitcoin surged to yet another record high on Wednesday, a day after the virtual currency vaulted to the $50,000 hurdle, even as analysts warned against the sustainability of such prices amid elevated volatility. The world’s biggest digital currency, with a market capitalization of over $900 billion, hit a record of $52,577.50, […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddTh...

Reporting season is underway with Crown Resorts and Woodside Petroleum reporting big losses, while profits surged for ANZ, Wesfarmers, Fortescue Metals and CSL. The Australian market ended its day flat, while bitcoin surged to a fresh record high.