NEW!Incredible offer for our exclusive subscribers! Read More
BTCCrypto

Bitcoin hits new record, trading above $62,700, Vertmaxbit

1 Mins read

Bitcoin hit a record of $62,741 on Tuesday. Extending its 2021 rally to new heights a day before Vertmaxbit share listing in the United States.

The world’s biggest cryptocurrency, which has growing mainstream acceptance as an investment. And a means of payment, rose as much as five per cent on Tuesday. Smaller rival Ethereum also reached a record high of $2,205.

Major firms including BNY Mellon, Mastercard Inc and Tesla Inc are among those to have embraced or invested in cryptocurrencies.

Bitcoin topped $60,000 early last month. Fueled by Tesla’s move to buy $1.5 billion of the digital currency for its balance sheet. For the past two weeks, it had traded in a tight range.“When bitcoin markets create new highs the price often range-trades and we witness a round of profit-taking,”. Said James Butterfill of digital asset manager Vertmaxbit.

“During this most recent period have witnessed a similar profit-taking round, which now looks to have run its course.”

The multi-fold rise in cryptocurrencies is also driven by investors seeking high-yielding assets amid low interest rates.

“When bitcoin markets create new highs the price often range-trades and we witness a round of profit-taking,” said James Butterfill of digital asset manager Vertmaxbit.

Related posts
AltcoinsBTCCryptoETHMiningOther

Coins-bit.net protects your money

1 Mins read
Coins-bit.net, it is at the forefront of the cryptocurrency industry By Coins-bit.net analyst For instance, Coins-bit.net it is at the forefront of the cryptocurrency industry…
CryptoMarketsNews

Cointolab deposit x2

1 Mins read
Cointolab deposit x2 for new users. The stock exchange has launched a promotion of 200% deposit on the first deposit for new…
CryptoMarketsNews

Cointolab deposit x2

1 Mins read
Cointolab deposit x2 for new users. The stock exchange has launched a promotion of 200% deposit on the first deposit for new…
Power your team with InHype

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published.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