News | Events | Digital PR | Advertising

Home Features Bitcoin Hits $50,000 for First Time since 2021
FeaturesNews

Bitcoin Hits $50,000 for First Time since 2021

Share
Logo of Bitcoin
Share

Bitcoin spiked above $50,000 on Tuesday for the first time in more than two years as investors grow optimistic that US approval of trading in the unit will ramp up demand.

The cryptocurrency has enjoyed a strong run in recent months, fuelled by expectations that US lawmakers would allow the creation of exchange-traded funds (ETFs) that track the price and let the public invest in crypto without directly purchasing it.

After initially dropping in reaction to last month’s green light from the US Government, bitcoin has rallied about 25 percent since January 22.

That advance saw it hit as much as $50,328, according to Bloomberg data, its highest level since late 2021.

As of the time of reporting, Bitcoin has hit $52, 131.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
FeaturesNews

Scientists Research Nigeria’s Okra, Maize, Four Other Crops During NASA’s Space Mission

International astronauts will research six indigenous Nigerian crops and seeds during the...

FeaturesPolitics

Tinubu appoints Omotenioye Majekodunmi as Director-General of National Council on Climate Change

President Bola Ahmed Tinubu has appointed Mrs. Omotenioye Majekodunmi as the new...

FeaturesPolitics

Tinubu Extends Tenure Of The Comptroller-General Of Customs By A Year

President Bola Tinubu has approved a one-year extension of the tenure of...

Featureshealth

The Federal Capital Territory Administration (FCTA) To Commence Mandatory Hepatitis Screening For Food Handlers

The World Health Organization (WHO) has collaborated with the Government of Nigeria...