• About
  • Advertise
  • Contact
Tuesday, May 24, 2022
  • Login
WRITE FOR US
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
No Result
View All Result
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
Economy.pk

Bitcoin Rises above $50,000 for the first time

byRaiymah Javed Rana
February 17, 2021
in Business, Finance, Main, New, World
Reading Time: 1 min read
0
Bitcoin Rises above $50,000 for the first time
67
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

On Tuesday Bitcoin showed a rise above $50,000to a new record high, building on a rally fuelled by signs that the world’s biggest cryptocurrency is gaining acceptance amongst mainstream investors.

Thus, Bitcoin hit a new high of $50,602, and was last up five per cent at $50,300. It has risen around 72pc so far this year, with most of the gains coming after electric carmaker Tesla said it had bought $1.5 billion in bitcoin.

RelatedPosts

CJP Umar Ata Bandial named among Time’s 100 most influential people of 2022

IT exports to touch $5bn mark in next fiscal year, says Aminul Haq

Pakistan proposes including Turkey in multibillion dollar CPEC project

It also said it would accept the currency as payment.

Moreover, Ben Powell, APAC chief investment strategist at BlackRock’s the Investment Institute stated on CNBC earlier this month, that “Digital currencies, it seems clear to us, are going to be an increasing part of financial architecture very broadly and potentially portfolios moving forward.”

Bitcoin has seen a swift rise since March 2020, when it stood at $5,000.

Last month, Bitcoin’s rise “blows the doors off prior bubbles,” BofA said. 

Tags: BitCoinBusinessCryptocurrencyFinance
Raiymah Javed Rana

Raiymah Javed Rana

Related Posts

Umar ata bandial

CJP Umar Ata Bandial named among Time’s 100 most influential people of 2022

Chief Justice of Pakistan Umar Ata Bandial was on Monday named among the 100 Most Influential People of 2022 by Time magazine. CJP Bandial's...

IT exports to touch $5bn mark in next fiscal year, says Aminul Haq

IT exports to touch $5bn mark in next fiscal year, says Aminul Haq

Federal Minister for Information Technology and Telecom­muni­cation Aminul Haq has said that Pakistan’s IT exports would touch $3 billion mark...

Next Post
Steel Mill Making Steel Bars

Steel Prices; Good High with an even better Low

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

PIA To Operate Hajj Flights From Eight Cities From May 31

PIA To Operate Hajj Flights From Eight Cities From May 31

Umar ata bandial

CJP Umar Ata Bandial named among Time’s 100 most influential people of 2022

Sarah Saeed promoted to BPS-22

Sarah Saeed promoted to BPS-22

PM restores Pakistan Kidney and Liver Institute Board

PM restores Pakistan Kidney and Liver Institute Board

Pakistan to lock horns with India on the first day of Hockey Asia Cup 2022

Pakistan to lock horns with India on the first day of Hockey Asia Cup 2022

Sculpture show to feature works of 30 acclaimed artists from 28th May

Sculpture show to feature works of 30 acclaimed artists from 28th May

Connect with us

Twitter

Economy.pk

Economy.pk touches diverse topics with a lighter note and is geared toward audiences with various interests and all ages. Come and explore Economy.pk. Ample details and analysis are provided in extraordinarily readable manner making them compelling and interesting at the same time.

Category

  • World
  • Politics
  • Business
  • Technology
  • Education
  • Health
  • Life & Style
  • Opinions

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin

Sitelinks

  • Sitemap

Download our APP

download on android app download on apple app
  • About
  • Advertise
  • Contact

© 2020 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

  • LATEST
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Canada
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2020 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

No Result
View All Result

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?