New Delhi: Bitcoin has reached the highest record of recent times, surging beyond $65,000 (Rs 45,65,770) after it included itself into the mainstream status foraying into Wall Street.
Tesla’s CEO Elon Musk shared a meme celebrating the surge in the world’s most popular cryptocurrency. The meme showed a couple in bed, staring at a screen that shows the value of Bitcoin at $69,000 (Rs 51,65,098.50) and Ethereum at $4,200 (Rs 3,14,397.30)
— Elon Musk (@elonmusk) October 21, 2021
At around 8:25 AM, Bitcoin traded at Rs 50,40,223 with a dominance of 46.49%. This marked a decrease of 1.16% over the day.
In February, Tesla revealed that it had bought $1.5 billion of Bitcoin and would accept the world’s most popular currency as the means of payment for cars.
However, in May, Elon Musk announced that Telsa would not accept Bitcoin as the form of payment for cars because of long-brewing environmental concerns for a smooth reversal in the company’s position on the crypto. His tweet resulted in a 10% downfall in Bitcoin.
Further, Musk mentioned that despite Bitcoin having a great future, he cannot put the environment at risk.
Other major cryptos are also trading higher today. Ether surged over 8% to $4,197 as per CoinDesk. Cardano increased nearly by 6% to 2.22 while Dogecoin rose over 3% to $0.25. Other digital tokens such as Shiba Inu, Binance Coin, Solana, Litecoin, Uniswap, XRP also marked an increase.
“Ether is also showing a great price movement and trading at $4000 which is very close to its previous ATH. Overall, it’s a huge milestone for the entire crypto ecosystem. It’s also a good sign for Bitcoin because it will now encourage more investors to take it seriously as an alternative asset class, and participate,” said Nischal Shetty, CEO of WazirX.
