The world's largest cryptocurrency jumped as much as 4.9 per cent to $50,548 and is now up about 70 per cent, so far this year
The recent trigger being Tesla, Inc.'s announcement of having bought $1.5 billion in bitcoin.
Bitcoin has been on a tear in recent times
On a rolling 60-day basis, the swings in Bitcoin are generally smaller now than when Bitcoin was peaking in 2017.
The Nifty Bank index stole the show and hit a new peak of 37,309 levels, up 1,200 points in the intra-day trade. The index closed 1,197 points, or 3.3 per cent, higher at 37,306 levels
Bitcoin fell as much as 5.6% to $45,914 and rival cryptocurrency ethereum dropped more than 8% to $1,655
Bitcoin reached a new record on Sunday, rising above $49,000 for the first time. Read Business Standard's top stories here
Musk's electric vehicle company Tesla Inc revealed on Feb. 8 it had bought $1.5 billion of the cryptocurrency bitcoin and would soon accept it as a form of payment for cars
Bitcoin has been buoyed in recent months by endorsements from the likes of Paul Tudor Jones and Stan Druckenmille
Bitcoin hit a new record high and approached $50,000 on Sunday, building on its record rally as Wall Street and Main Street increasingly adopt the world's biggest cryptocurrency.
Elon Musk's $1.5 billion investment in bitcoin last week is testimony to the potential of the digital asset.
Railtel's Rs 820-crore IPO opens on Tuesday. The offering is entirely an offer for sale by the government.
The Ontario Securities Commission has approved the launch of Purpose Bitcoin ETF, Toronto-based asset management company Purpose Investments Inc. said in a statement
Bitcoin reached $49,000 before erasing gains
According to a filing with the US Securities And Exchange Commission, the 48-year-old sold 30,000 shares on February 9, reports marketwatch.com
Bitcoin surged yet again to a new record high after BNY Mellon said it will offer custodian services for cryptocurrencies
Bank of New York Mellon said Thursday it will hold, transfer and issue Bitcoin and other cryptocurrencies for institutional customers
Shareholders voiced concern that the investment by Tesla, which recently joined the benchmark S&P 500 stock index, could fuel more gyrations in the company's shares
The landmark inclusion of the cryptocurrency in Tesla's investment portfolio could complicate the company's zero-emissions ethos
Banning cryptocurrencies is a poor idea