Bitcoin Eyes Record $50K as BNY Mellon Makes Crypto Leap
7 day change +25.40%
Bitcoin rallied Thursday, riding a wave of red-hot demand as U.S. regional bank giant BNY Mellon (NYSE:BK)'s foray into cryptocurrency pointed to signs that the era of widespread corporate adoption is near.
Bitcoin jumped 7.3% to an all-time high of $48,555.
The bank has set its sights on eventually allowing its crypto assets to flow through the same financial network used for traditional asset holdings like U.S. Treasuries and stocks.
Mastercard (NYSE:MA) also threw its support behind the popular cryptocurrency following in the footsteps of Tesla (NASDAQ:TSLA) and MicroStrategy Incorporated (NASDAQ:MSTR).
Edited by Rogerdodger, 11 February 2021 - 06:35 PM.