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Al-Marsad Journal: The digital currency “Bitcoin” continued its shocking positive results, reaching nearly $ 50,000 on Sunday.
And one “bitcoin” registered $ 49,714.66 on Sunday before dropping again later, now up 4% in the past 24 hours.
Investors drove Bitcoin prices up late last year and early this year, after the US Federal Reserve lowered interest rates to near zero in March 2020, severely weakening that dollar and rising. the allure of digital currency.
The adoption of digital currency by a number of leading brands in various areas of the business has also helped to boost its value, according to U.S. network CNN in a report highlighting the reasons for the prosperity of the business. “Bitcoin”.
Among those who announced their support for Bitcoin was Tesla, who last week said it would soon accept digital currency in the purchase of its cars, saying it was keeping some of its capital in the form of this currency instead of traditional money.
On Wednesday, MasterCard also announced that it will support “specific digital currencies” directly on its network later this year.
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