Bitcoin surges past $48,000 — almost enough to buy a Tesla car
Cryptocurrency hits a fresh record in the afterglow of Elon Musk-led Tesla's investment
New York/ London — Bitcoin powered to a record high on Tuesday, approaching the $50,000 mark, basking in the afterglow of Elon Musk-led Tesla's investment in the cryptocurrency that had investors believing it may become a mainstream asset class.
The most popular cryptocurrency has gained 1,150% since its March 2020 lows, as institutional investors searched for alternative investments and retail traders rode the wave. It traded at a few hundred dollars only five years earlier. Glassnode, which provides insight on blockchain data, said in its latest report that bitcoin's limited supply suggested further gains for the virtual asset...
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