Business
Bitcoin Rockets to Just Shy of $50,000 as More Whales Step In – Finance Magnates
Bitcoin prices surged to a new record high on Thursday on the heels of BNY Mellon’s disclosure that it will soon hold, transfer and issue cryptocurrencies.
Bitcoin prices surged to a new record high on Thursday on the heels of BNY Mellons disclosure that it will soon hold, transfer and issue cryptocurrencies on behalf of its asset management clients. Bitcoin then slipped back slightly but was up 5% at $47,700 as of 9pm GMT.
Crypto bulls say the announcement from Americas oldest bank could pave the way for many other established banks to reveal similar plans as the cryptocurrency gains popularity among wealthy investors.
The custodian bank, which is…
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