Business
Bitcoin nears $50,000 as cryptocurrencies ride Tesla wave – Al Jazeera English
Bitcoin is at the head of the pack in a cryptocurrency boom, gaining 1,150 percent since its March 2020 low.
Bitcoin powered to a record high on Tuesday, approaching the $50,000 mark, basking in the afterglow of Elon Musk-led Teslas investment in the cryptocurrency that had investors believing it may become a mainstream asset class.
The most popular cryptocurrency has gained 1,150 percent since its March 2020 lows, as institutional investors searched for alternative investments and retail traders rode the wave. It traded at a few hundred dollars only five years earlier. Glassnode, which provides insight…
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