Tesla, led by Elon Musk, confirmed that it bought about $ 1.5 billion in bitcoin in January and expects to start accepting it as payment in the future.
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The price of Bitcoin reached a new record high of almost 50,000 USD on Sunday, as the major Fortune 500 companies showed support for digital currencies.
The world’s largest cryptocurrency in terms of market value rose more than 5% to a record high of $ 49,716 on Sunday afternoon, according to data from the CoinDesk industry website.
Digital assets reversed their price on Monday, falling 2.4% in the last 24 hours at a price of about $ 47,925.
Valentine’s Day growth was thought to have been driven by news from big companies like Tesla, Mastercard and BNY Mellon that are heating up on cryptocurrencies.