• By The Financial District

BITCOIN VALUE SOARS HIGHER THAN $47,000 IN ASIA

Cryptocurrencies extended gains in Asia on Tuesday, with bitcoin and ethereum reaching record highs, in the wake of a $1.5-billion Tesla Inc. investment in bitcoin, Reuters reported.

Bitcoin posted its largest daily percentage gain in more than three years overnight, after Tesla made the announcement in its 2020 annual report, Tom Westbrook and Stanley White reported for Reuters.


Tesla also reported that it would accept Bitcoin as payment for its electric vehicles.


Bitcoin added as much as 2.5% to hit a record high of $47,565.86 on Tuesday and has gained 61% for the year so far. Ethereum hit a record of $1,784.



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