Litecoin breaks $200 and Ethereum nears $2,000 as corporate America embraces Bitcoin.
The Bitcoin rocket has blasted to new highs above $49,000 after Tesla’s $1.5 billion treasury allocation triggered a buying frenzy last Monday.
As the week continued, more bullish news hit the headlines. Twitter said it was considering adding Bitcoin to its balance sheet, and BNY Mellon and Deutsche Bank revealed plans for cryptocurrency custody. Finally, on Valentine’s Day, corporate America’s embrace pushed Bitcoin over the edge to climax above $49,000 before pulling back.
Following Bitcoin’s lead, most major cryptocurrencies are flashing big weekly gains. Dash almost doubled in value before pulling back, and Cardano rose over 50% following the much-awaited “Mary” upgrade. Meanwhile, Zcash and