Forex Market News Today
  • Home
  • News
  • LiveHourly
  • Markets
  • Stock
  • Business
  • Economy
  • World
  • Politics
  • Energy
  • exchange
  • companies
No Result
View All Result
Forex Market News Today
Home Live

Bitcoin jumps 14% to record $44,000 on Tesla investment news

4 weeks ago
in Live
2 min read
Bitcoin jumps 14% to record $44,000 on Tesla investment news
Share on FacebookShare on Twitter


Bitcoin jumped more than 14% on Monday to a record high after Tesla said it had invested $1.5 billion in the most popular cryptocurreny last month.

The news sent Bitcoin soaring as high as $44,000 and Ethereum surges 7%. The electric carmaker unveiled the investment ten days after its chief executive Elon Musk added a “#bitcoin” tag on his Twitter profile page, which drove bitcoin higher on the day.

Tesla today said it had invested around $1.5 billion in bitcoin and expected to begin accepting payment for its cars and other products with it in the near future, prompting a 7% jump in the electronic currency.

Tesla said in a filing the decision was part of its broad investment policy as a company and was aimed at diversifying and maximizing its returns on cash.

It said it had invested an aggregate $1.5 billion in bitcoin under the changed policy and could “acquire and hold digital assets from time to time or long-term”.

Tesla’s investment is another sign that the cryptocurrency is gaining widespread traction as a type of investment. Enthusiasts often tout the digital asset as a hedge against inflation and store of value in a world awash with stimulus and rampant central-bank money printing.

“If retail and institutional interest continues to grow over the next month, Bitcoin could target the $45,000 level,” said Edward Moya, a senior market analyst at forex broker Oanda Corp.

In Bitcoin, famed fund manager Bill Miller extended his endorsement by reserving the right for his Miller Opportunity Trust to invest in the Grayscale Bitcoin Trust, a vehicle that institutions use for Bitcoin exposure, according to a US regulatory filing.

“If retail and institutional interest continues to grow over the next month, Bitcoin could target the $45,000 level,” said Edward Moya, a senior market analyst at forex broker Oanda Corp.

Bitcoin is up almost 50% this year following gains of over 300% in 2020.

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.



Go to the news source: Bitcoin jumps 14% to record $44,000 on Tesla investment news

Tags: BitcoinBitcoin miningBitcoin MintBitcoin newsBitcoin on record valueBitcoin priceBitcoin price todayBitcoin stockinvestmentjumpsNewsRecordTeslaTesla investment in Bitcoin
Previous Post

Minimum wage hike to $15 an hour by 2025 would result in 1.4 million unemployed,…

Next Post

White House press secretary not aware of Trump request for intelligence briefing…

Related Posts

Gold Outlook Bullish Headed into First Quarter, with Caveats
Live

Gold Price Drops as Treasury Yields Rise, Will XAU/USD Fall Further?

by Forex News
March 8, 2021
0

https://www.youtube.com/watch?v=x1ffaDdpsYo Gold Price Outlook:Gold Price Drops as Treasury Yields Rise, Will XAU/USD Fall Further?After encountering resistance last week, gold...

Read more
Sensex, Nifty eke out gains; energy, IT stocks save the day
Live

Sensex, Nifty eke out gains; energy, IT stocks save the day

by Forex News
March 8, 2021
0

Mumbai, Mar 8 (PTI) Benchmark indices Sensex and Nifty eke out gains on Monday after two sessions of decline...

Read more
Rising crude brings an unlikely relief to RBI on forex intervention
Live

Rising crude brings an unlikely relief to RBI on forex intervention

by Forex News
March 8, 2021
0

A rise in global crude oil prices usually brings with it a host of problems for the Reserve Bank...

Read more
Rupee falls 14 paise to 73.16 against US dollar in early trade
Live

Rupee falls 14 paise to 73.16 against US dollar in early trade

by Forex News
March 8, 2021
0

Mumbai, Mar 8 (PTI) The Indian rupee slumped 14 paise to 73.16 against the US dollar in opening trade...

Read more
MTAR Technologies IPO Subscription details: Retail investors expect bumper listi…
Live

MTAR Technologies IPO Subscription details: Retail investors expect bumper listi…

by Forex News
March 8, 2021
0

MTAR Technologies IPO subscribed 200.79 times. The public issue subscribed 28.40 times in the retail category, 164.99 times in...

Read more
Dow Jones, Nasdaq 100, US Dollar, Crude Oil, ECB, BoC, Treasuries
Live

Dow Jones, Nasdaq 100, US Dollar, Crude Oil, ECB, BoC, Treasuries

by Forex News
March 8, 2021
0

Recommended by Daniel Dubrovsky What does it take to trade around data? Market sentiment was a mixed bag this...

Read more
India’s forex reserves increase by USD 689 million to USD 584.55 billion
Live

India’s forex reserves increase by USD 689 million to USD 584.55 billion

by Forex News
March 7, 2021
0

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like...

Read more
The Top 10 Forex Coaches To Follow in 2020
Live

UPDATE 1-China forex reserves fell to $3.205 trln in Feb – Yahoo Finance

by Forex News
March 7, 2021
0

UPDATE 1-China forex reserves fell to $3.205 trln in Feb Yahoo Finance Go to the news source: UPDATE...

Read more
Demand Dips For Bitcoin Are Temporary; But Lack Of Supply Is Permanent
Live

Bitcoin has been declared ‘dead’ 402 times since its inception. Here’s how you c…

by Forex News
March 6, 2021
0

Posted by: Bitcoin News Editor in Bitcoin News Wire 8 hours ago The highest number of “deaths” bitcoin recorded...

Read more
Sensex jumps 617 points to end at record high, Nifty at 15,115; auto stocks lead
Live

Sensex jumps 617 points to end at record high, Nifty at 15,115; auto stocks lead

by Forex News
March 6, 2021
0

Sensex, Nifty LIVE Updates on February 8: Share market indices Sensex and Nifty continued scaling new highs on Monday,...

Read more
Next Post
White House press secretary not aware of Trump request for intelligence briefing…

White House press secretary not aware of Trump request for intelligence briefing...

Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Latest Forex News

Sunset Market Commentary | Action Forex

Sunset Market Commentary | Action Forex

3 months ago
Analysts remain cautious about job market recovery

Analysts remain cautious about job market recovery

3 months ago
Zhong Shanshan net worth: China’s bottled water king is now richer than Warren B…

Zhong Shanshan net worth: China’s bottled water king is now richer than Warren B…

2 months ago
Do These 3 Checks Before Buying Exchange Income Corporation (TSE:EIF) For Its Up…

Does Exchange Income Corporation (TSE:EIF) Create Value For Shareholders?

2 months ago

Today Market News

Electricity Sales to End Users Dropped Below 2008 Level: What it Says about the …
Economy

Electricity Sales to End Users Dropped Below 2008 Level: What it Says about the …

March 8, 2021
Yellen says Biden COVID bill to fuel ‘very strong’ U.S. recovery
Economy

Yellen says Biden COVID bill to fuel ‘very strong’ U.S. recovery

March 8, 2021
Gold Outlook Bullish Headed into First Quarter, with Caveats
Live

Gold Price Drops as Treasury Yields Rise, Will XAU/USD Fall Further?

March 8, 2021
Expect social unrest if wealth inequality continues: Hayman Capital’s Kyle Bass …
Economy

Expect social unrest if wealth inequality continues: Hayman Capital’s Kyle Bass …

March 8, 2021
Chinese airline suspends pilot, flight attendant for allegedly brawling over bat…
World

Chinese airline suspends pilot, flight attendant for allegedly brawling over bat…

March 8, 2021
Live Foreign Currency Exchange Rates
Economy

US economy looks set for Covid recovery – but we need inclusive growth | US econ…

March 8, 2021
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA

© 2020 Siteofforex.com

No Result
View All Result
  • Home
  • News
  • Live
  • Markets
  • Stock
  • Business
  • Economy
  • World
  • Politics
  • Energy
  • exchange
  • companies

© 2020 Siteofforex.com

wpDiscuz