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Breaking: Bitcoin Rises Above $50,000 For First Time

Trade report for Tuesday, February revealed an encouraging rise of Bitcoin above $50,000.

Naija News understands this was the first time such a rise is witnessed. A development coming not long after the price of the Cryptocurrency soared 75 per cent.

The report presents Bitcoin new take as $50,547.70 against the previous $50,000 mark in midday European trading. Meanwhile, oil held close to 13-month highs on keen demand hopes amid a severe cold snap in Texas.

The traders noted that the European equities is eased after soaring the previous day on reduced coronavirus fears, appreciating mounting optimism over US President Joe Biden’s vast stimulus plan.

Meanwhile, Asia’s leading stock markets closed with strong gains and the dollar declined against the euro and yen. Sterling soared to $1.3952, the highest level for nearly three years.

The euro sank to 87.06 pence, the lowest point since May.

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