16:11Bitcoin blows past US$41,000 for first time
Bitcoin’s price rallied to a fresh all-time high on Friday, rising past US$41,000 for the first time as investors increasingly view the cryptocurrency as an inflation hedge, CNBC reports.
The world’s most valuable cryptocurrency traded as high as US$41,756 at 7:26 a.m. eastern time, according to data from Coin Metrics. It was last trading up about 6 percent from a day earlier, at US$41,190.
Bitcoin has extended its 2020 rally — which saw it skyrocket over 300 percent — into the new year. It is currently up over 40 percent so far in 2021, and on track to post its second-best week since the peak of the December 2017 surge.
|Total comments: 0|
|Ethereum price inches closer to a new all-time high as Bitcoin consolidates (0)|
|Bitcoin Becomes Most-Crowded Trade After Passing ‘Long Tech’: Bank of America Survey (0)|
|Looking for something on which to spend all that bonus Bitcoin? How about The Hoff's very own KITT? (0)|
|Ruffer Investment explains decision to purchase Bitcoin (0)|
|Grayscale holds the key to Bitcoin hitting $40K, says JPMorgan (0)|
|ETHEREUM HITS THREE-YEAR HIGH AS BITCOIN VOLATILITY DIMS; RECORD HIGHS AHEAD? (0)|
|Four of the top 70 crypto assets by market cap are Bitcoin (0)|
|IS IT TIME TO BE BEARISH ON BITCOIN RIGHT NOW? (0)|
|'Pay attention' — Grayscale adds 18x the Bitcoin mined supply in one day (0)|
|Bible quotation found in Bitcoin block number 666,666 (0)|