Cryptocurrency news

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The Bitcoin exchange rate rose above $48.000 and updated the historical maximum

Over the past day, the price of the first cryptocurrency has increased by 23%. It began to rise sharply after the company Tesla announced its purchase for $1.5 billion

The price of bitcoin on the crypto exchange has updated the historical maximum, rising above $48 thousand. Over the past 24 hours, the cryptocurrency has risen in price by 23%. Its market capitalization exceeded $892 billion with daily trading volumes of about $100 billion, according to CoinGecko.

The latest wave of growth in the cryptocurrency rate started after Tesla reported to the US Securities and Exchange Commission (SEC) that it invested $1.5 billion in bitcoin in January. The company noted that it plans to start accepting cryptocurrency as payment in the “near future”.

In March 2020, the cryptocurrency quotes fell below $4 thousand, in December they exceeded $20 thousand for the first time. Over the past 11 months, bitcoin has risen in price by more than 1100%.