• Download the Constitution of Pakistan
  • Advertise
Monday, June 23, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Economy

Bitcoin’s initiatory groundbreaking run

by Web Desk
March 13, 2021
in Economy, Finance, Main, New
Reading Time: 1 min read
0
Bitcoin passes $60,000
Share on FacebookShare on TwitterLinkedinWhatsapp

On Saturday, for the first time Bitcoin momentarily descended above $60,000 as increasing backing from corporate heavyweights helps the world’s most popular virtual currency continue its record-breaking run. 

According to the website CoinMarket Cap, the cryptocurrency hit an all-time high of $60,012 at 11:49 GMT.

Since March of last year, Bitcoin has been on a meteoric ascent when it stood $5,000 incentive by online payments giant PayPal saying it would allow account holders to use cryptocurrency.

Last month electric carmaker Elon Musk’s Tesla invested $1.5 billion in the virtual unit. Others jumping on the bandwagon consist of Wall Street player BNY Mellon, investment fund giant Black Rock, and credit card titan Mastercard. 

Bitcoin, which was launched back in 2009, hit the headlines in 2017 after it rose from less than $1,000 in January to almost $20,000 in December of the same year.

Although last year’s mount has been steady, investors and Wall Street finance giants pursued a giddy spurt, the opportunity for profit and asset diversification, and a safe store of value to guard against inflation.

Tags: BitCoinBlack RockCoinMarketCapCryptocurrencyTelsa
Web Desk

Web Desk

Related Posts

PM Shehbaz Sharif Condemns US Strikes on Iran in Phone Call with President Pezeshkian

by Tahir Abbas
June 23, 2025
0

Pakistan Expresses Full Solidarity with Iran Prime Minister Shehbaz Sharif, in a telephonic conversation with newly elected Iranian President Masoud...

PSX stumbles over geopolitical tensions, oil price surge

PSX stumbles over geopolitical tensions, oil price surge

by News Publishing
June 23, 2025
0

The Pakistan Stock Exchange (PSX) came under significant pressure on Monday as heightened geopolitical tensions and a sharp rise in...

PM directs to acquire ships on lease to enhance fleet of PNSC

PM directs to acquire ships on lease to enhance fleet of PNSC

by News Publishing
June 20, 2025
0

Prime Minister Muhammad Shehbaz Sharif has directed the authorities concerned to acquire ships on lease to enhance fleet of Pakistan...

Sindh Unveils Budget 2025-26 with Pay and Pension Increases

Sindh Unveils Budget 2025-26 with Pay and Pension Increases

by Haris Ali
June 13, 2025
0

On June 13, 2025, the Sindh government unveiled the Budget 2025-26, announcing a series of financial relief initiatives for its...

Passenger Car Sales Surge Over 32% in Eleven Months

Passenger Car Sales Surge Over 32% in Eleven Months

by Haris Ali
June 13, 2025
0

In Pakistan, passenger car sales have increased by more than 32 percent, reaching 94,388 units in the first eleven months...

Pakistan, UAE Leaders Vow Stronger Cooperation in Pursuit of Peace and Stability

Pakistan, UAE Leaders Vow Stronger Cooperation in Pursuit of Peace and Stability

by Haris Ali
June 13, 2025
0

Pakistan and the United Arab Emirates (UAE) reaffirmed their commitment to close coordination and cooperation in pursuit of regional peace...

Next Post
Technology

Investors to spend $1.4m for a technology startup

Leave a Reply Cancel reply

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

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

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
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters