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Twitter CEO and billionaire Jack Dorsey who last week announced to sell his very first tweet of March 6, 2006, has said that he will donate the money in Bitcoins to charity
The digital currency was trading up 3.3% at $54,206 amidst a broadly supportive risk rally, climbing toward a record high of $58,354.14
Evercore technical analysis suggests prices could hit $75,000
The market has flourished despite complicated official attitudes towards cryptocurrencies in China
Tesla Inc's $1.5 billion bitcoin bet saw it join business software firm MicroStrategy Inc and Twitter boss Jack Dorsey's payments company Square Inc in swapping some traditional cash reserves for the
Shares of Good Works rose 15.9% to $11.59 after markets opened for trading on Friday.
The spike came in the wake of Tesla's $1.5 billion bitcoin bet
Many view bitcoin as a good inflation hedge
Sovereign currency issuers will have to think of themselves less as lords and masters and more as service providers in a free market of digital cash
The Japanese yen hit a seven-month low on the dollar on Thursday as hopes that vaccine distribution and more government stimulus will drive the US economy into a solid rebound
Bitcoin has fallen 12.7% from the year's high of $58,354.14 on Feb. 21
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The cryptocurrency was last trading at $51,607
Investors have taken heart from an easing in bond prices that has alleviated worries over possible interest rate hikes. Bond yields have eased and the yield on the 10-year Treasury inched down to 1.40
Wall Street had retreated overnight after beginning March with a bang, with the S&P 500 staging its best one-day rally in nine months on Monday
European markets appeared set for a lower open with Euro Stoxx 50 futures down 0.38% and London's FTSE dropping 0.4%. Those of Germany's DAX fell 0.49%
Demand for riskier assets did not slug the dollar, usually regarded as a safe-haven currency
Inner Mongolia plans to shut all such operations by April
The trading desk reboot comes amid growing interest by institutions in bitcoin, which has soared more than 470% over the past year
Bitcoin is at a "tipping point" and could either become the preferred currency for international trade or face a "speculative implosion," Citi analysts said.