Monday, March 1, 2021

Bitcoin is down by more than 2%, but remains near record highs

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Bitcoin fell during trading today, Monday, by more than 2%, but remains near record highs after trading yesterday at $ 58,000.
According to data from the “CoinDisk” site – which specializes in tracking the performance of digital currencies – the value of “Bitcoin” decreased by 2.17% during today’s trading, to trade at the level of 55 thousand dollars.
Bitcoin, which is the largest digital currency, has achieved 60% gains since the beginning of February, supported by the injection of a number of major companies investments in the digital currency market, including Tesla, MasterCard and MicroStrategic.
According to the index of the US agency “Bloomberg” to measure the performance of digital currencies, Bitcoin was able to outperform traditional assets such as stocks and gold, especially with its market value exceeding a trillion dollars last weekend, for the first time in its history.
The US company “Tesla” revealed earlier this month that it had bought up to $ 1.5 billion worth of Bitcoin, which sparked widespread controversy by experts and analysts.
This prompted the CEO of the company, Elon Musk, to justify this step – by tweeting on the social networking site “Twitter” – by saying that owning Bitcoin is slightly better than possessing cash in its traditional form, and that the company’s decision does not necessarily directly reflect his personal opinion.

Source: A.A.A.

The article Bitcoin is down by more than 2%, but remains near record highs.

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Bitcoin is down by more than 2%, but remains near record highs