{"id":3025,"date":"2021-02-17T13:50:22","date_gmt":"2021-02-17T13:50:22","guid":{"rendered":"https:\/\/businessner.com\/?p=3025"},"modified":"2021-02-17T20:10:40","modified_gmt":"2021-02-17T20:10:40","slug":"bitcoin-rallies-past-51000-as-major-companies-dip-into-crypto","status":"publish","type":"post","link":"https:\/\/businessner.com\/bitcoin-rallies-past-51000-as-major-companies-dip-into-crypto\/","title":{"rendered":"Bitcoin Rallies Past $51,000 as Major Companies Dip into Crypto"},"content":{"rendered":"
Bitcoin has broken its all-time record again as it has hit over $51,000 \u00a0on Wednesday as more mainstream companies have started accepting the digital currency.<\/p>\n
The world\u2019s largest cryptocurrency continued its rally after breaking the $50,000 valuation last Tuesday as it rose to $51,715 at around 4:50 a.m. ET, according to data from Coin Metrics<\/a>.<\/p>\n Bitcoin\u2019s market value has gotten a boost after major firms like Tesla and Mastercard have earlier showed support to digital currencies with Tesla announcing it had bought $1.5 billion worth of bitcoin<\/a> and plans to accept the digital coin as payment for its products.<\/p>\n Mastercard, meanwhile, said it will start allowing customers to use some digital currency<\/a> on its network later this year while another financial service provider PayPal have opened up to using and supporting cryptocurrencies.<\/p>\n Even Wall Street players and banks have expressed acceptance of bitcoin with JPMorgan recently announcing it is looking seriously at the asset class, and Goldman Sachs has also shown an interest in the digital currency.<\/p>\n