Bitcoin Breaches $51,500 Level, Drives Crypto Market Up 3%

And companies are busy dipping their ft including cryptocurrency to their balance sheets. However, what remains to be seen is the long-term effects of digital currencies. We’ve seen bitcoin hit an all-time high of $65,000 and the total crypto market capitalization breach the $2 trillion milestone inside a quantity of months. Besides huge institutional buy-in from corporations, the largest news for crypto comes from El Salvador, the primary of many to adopt bitcoin as a authorized tender. Around 16% of grownup Americans — or 40 million people — have invested in cryptocurrencies, based on the federal government, and 43% of men between the age of 18 and 29 have invested in the digital currency. Reliance Terminates Lease For 835 Big Bazaar, Easyday Shops: Future Retail Elon Musk’s Tesla owns probably the most crypto and is taken into account one of many biggest promoters of Bitcoin. Musk had announced in March 2021, that Tesla will settle for bitcoin as a payment choice for its electr