Cryptocurrency

Bitcoin soars to over $50,000 | ABS-CBN News



Bitcoin bitcoin surged to a more than two-year high on Tuesday (February 13) at $50,383 and steadied above $50,000 for a second day running.

The world’s largest cryptocurrency has risen nearly 18% this year, helped by last month’s regulatory nod for U.S.-listed exchange traded funds (ETFs) designed to track its price.

Analysts said the latest boost to bitcoin comes ahead of its halving event, which will cut the reward for successfully mining a bitcoin block in half. – report from Reuters

(Production: Lisa Giles-Keddie)

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4 Comments

  1. The launch of a Bitcoin ETF, in my opinion, marked a turning point for the financial markets. I wouldn't normally buy and retain assets, but after spending over $300,000 eight months ago, it pleases me that this is still happening. Now that a bull run is almost here, I have no doubts that I will get back all I lost.

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