Banking and FinanceTechnology

Surging investor interest puts Bitcoin at new all-time peak

1 Mins read

Bitcoin set a fresh all-time high on Thursday, after rising 6.5% to $22,765 by 0833 GMT, just a day after smashing the $20,000 milestone for the first time.

The world’s highest profile crypto-currency has gained more than 175% this year, buoyed by demand from larger investors attracted to its potential for quick gains and perceived inflation-hedging qualities.

Smaller coin ethereum which often moves in tandem with bitcoin, was trading 1.75% higher.

The recent bitcoin rally has been driven in part by increasing expectations it will soon become a mainstream payment method, after shedding a poor public image for opacity among yield-hungry investors and risk-averse consumers.

Yang Li, Chief Growth Officer at digital foreign exchange platform Ziglu said modern personal money apps were at the forefront of ensuring easy, safe, fast access to cryptocurrency.

“Wider adoption will grow the value of bitcoin even more, this is just the start,” Li said.

Related posts
DIgital CurrencyTechnology

Mastercard Unveils New Carbon Calculator Tool for Banks Globally, as Consumer Passion for the Environment Grows

4 Mins read
Mastercard Unveils New Carbon Calculator Tool for Banks Globally, as Consumer Passion for the Environment Grows APRIL 12, 2021 | PURCHASE, NY…
EntrepreneursTechnology

Five profitable online businesses you can start with no money

9 Mins read
The internet is the great equalizer. In business specifically, it has leveled the playing field. Anyone can start a money-making online business—anyone…
AppsHeadlineTechnology

The new 'jollof wars' and why Twitter chose Ghana over Nigeria for its Africa Head office

3 Mins read
Twitter’s announcement Monday that it will set up its first Africa base in Ghana, West Africa, has generated fierce debate among Nigerian…

Leave a Reply

Your email address will not be published. Required fields are marked *