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Bitcoin was trading 2.53% higher on Wednesday morning, breaking the $ 47,000 mark.
The price was around $ 47,120 per coin, while rivals Ethereum and Dogecoin were trading at around $ 3,400 (+ 1.79%) and 24.2 cents (+ 1.46%) per coin, respectively, according to Coindesk.
Since last week – when Bitcoin traded at $ 43,000 per coin, it has steadily increased to reach $ 47,000 early Wednesday.
BITCOIN TO EL SALVADOR DECLARES ON CRYPTO-CURRENCY
In Bitcoin News Tuesday, the city of Miami commission voted on Monday in favor of access to roughly $ 5 million of MiamiCoin, a Miami-specific cryptocurrency – and counting.
For every MiamiCoin people mine (or create) using a core cryptocurrency called Stacks, which has its own token, Miami gets funding that elected officials can use to improve the quality of life for residents of. the city.
Bitcoin was trading 2.53% higher on Wednesday morning, breaking the $ 47,000 mark. (stock)
MiamiCoin the first CityCoin, a city-based token with plans to expand to cities other than Miami, although CityCoin does not have a partnership with Miami. Instead, the cryptocurrency is entirely community-based and community-driven.
In other bitcoin news, billionaire Steven A. Cohen, owner of Major League Baseball’s New York Mets, is set to invest in a new cryptocurrency trading company, the latest bet in the markets of digital assets from a leading Wall Street investor.
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The hedge fund manager has agreed to make an initial investment in Radkl, a quantitative trading firm specializing in digital assets, according to company executives and a spokesperson for Cohen.
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