Bitcoin hit a record high on Thursday, August 13, surpassing $124,000, on the back of favorable US legislation and advancing US stock markets
Raluca Ioana Draghici
Economy
ww.shutterstock.com
Always see our news on Google
The value of the cryptocurrency surged above its previous peak in July, briefly topping $124,500 before falling. The rise in bitcoin's value was underpinned by regulatory changes in the US under President Donald Trump, a strong supporter of the crypto sector. The price has also been boosted by large cryptocurrency holders, known as 'whales'. Trump's media group and Tesla, the electric car maker owned by billionaire Elon Musk, are among a growing number of companies buying huge amounts of bitcoin.
Sources
Latest News
22:50
The Danube is approaching a new historic minimum. Romanian Waters warns: the next two weeks are critical.
22:10
Devastating explosion in a cafe in Moscow: three dead and 15 injured
21:32
Sorin Grindeanu sent a message of support for Spain in the context of the migration challenges in Ceuta: "it was there when it mattered"
21:04
The circulation of trucks will be prohibited on Sunday in the counties of Arad, Bihor, and Satu Mare, due to the heatwave.
20:36
WHO Alert: The Ebola epidemic in the Democratic Republic of the Congo is rapidly intensifying, becoming the largest in the country's history.
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
