Bitcoin Hits $56,000 and $1 Trillion Market Cap

bitcoin prices
Share It On:

21 Feb 2021, Kathmandu

The value of the cryptocurrency on the global market has reached $1.7 trillion. With this historic number surpassing, the electric car producer Tesla Corporation’s company has taken on a new character.

The company did not invest in Bitcoin until last January. In only one month, the company received $930 million from Bitcoin investment, according to The Times of the United Kingdom.

The improvements seen in Bitcoin are fantastic. Its value increased by 81% compared to the same time last year. Bitcoin’s price has recently hit 56,399.99.

Tesla has decided to invest $1.5 billion in Bitcoin and accept it as payment. At the same time, Bitcoin has gained widespread legitimacy.

Chris Weston, Melbourne Brokerage Pepperstone’s chief researcher, says its value continues to grow as major players in the financial sector make net investments.

You may like this: India Plans to Introduce Law to Ban Bitcoin


Share It On:

Recent Posts

Citizens Bank 11.11 Deals: Exclusive Discounts on Daraz

Citizens Bank 11.11 Deals: Exclusive Discounts on Daraz

Share It On:5th November 2024, Kathmandu Citizens Bank International Limited signed an agreement with Nepal’s leading online marketplace, Daraz, to

Local Talent Shines in Cybersecurity: Bipu Ojha and Tuan Khuat Win CDU IT CodeFair CTF

Local Talent Shines in Cybersecurity: Bipu Ojha and Tuan Khuat

Share It On:5th November 2024, Kathmandu Bipu Ojha and his teammate Tuan Khuat have emerged as winners in the prestigious

CEDB Hydropower’s Extraordinary General Meeting Concluded: Five Directors Elected

CEDB Hydropower’s Extraordinary General Meeting Concluded: Five Directors Elected

Share It On: 5th November 2024, Kathmandu CEDB Hydropower Development Company Limited has successfully concluded its extraordinary general meeting. CEDB

Government’s Journalist Accident Insurance Program: Apply Now For Your Protection

Government’s Journalist Accident Insurance Program: Apply Now For Your Protection

Share It On: 5th November, Kathmandu The Department of Information and Broadcasting has announced the launch of a new insurance

Nepal Life’s Property Acquisition in Hetauda: A Strategic Move For Growth

Nepal Life’s Property Acquisition in Hetauda: A Strategic Move For

Share It On:5th November, Kathmandu Nepal Life Insurance, a leading life insurance company in Nepal, has recently expanded its footprint

Global IME Dividend Announcement: Key Book Closure Date Revealed

Global IME Dividend Announcement: Key Book Closure Date Revealed

Share It On:5th November 2024, Kathmandu Global IME Bank has good news for its shareholders! The bank has announced a