Bitcoin 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.

MOCTEN

 

In January 1993, EUNET launched the first online news website, MOCTEN.com (stands for Music Opinions Culture Technology Economy News), led by Eric Bach, Teus Hagen, Peter Collinson, Julf Helsingius, Daniel Karrenberg,...  Read more

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