Crypto advocates say huge amounts of US stimulus funds could prolong boom
(Reuters Photo)
Bitcoin is picking up momentum once again, pushing above $60,000 for the first time on Saturday amid optimism that the biggest name in cryptocurrency will achieve wider adoption.
The cryptocurrency hit an all-time high of $60,012 at 1149 GMT on Saturday, according to the website CoinMarketCap. The price in Thailand was quoted at 1.84 million baht.
Bitcoin has been on a meteoric rise since March last year, when it stood at $5,000, spurred initially by the online payments giant PayPal saying it would allow account holders to use cryptocurrency. It soared past $55,000 in February but slid back to as low as $41,000 before resuming its upward…
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
