Bitcoin holding on to $45,000 following boosts from Tesla, Twitter, and Mastercard

Hanno Labuschagne

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Bitcoin holding on to $45,000 following boosts from Tesla, Twitter, and Mastercard

Bitcoin is largely hanging onto gains from its run to a record above $48,000 thanks to the endorsement of Elon Musk and Tesla Inc.’s $1.5 billion investment.

The largest digital currency was holding at about $45,000 as of 10:06 a.m. in London. Bitcoin has jumped roughly 20% this week, breaking through the prior top of almost $42,000. The wider Bloomberg Galaxy Crypto Index also touched a record recently.

Musk, the world’s richest person, has emerged as a central figure for crypto faithful who think Wall Street and the mainstream are becoming more receptive to digital coins. Others maintain speculators are behind Bitcoin’s rise and the bubble will once again burst.

[Bloomberg]
 
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