Bitcoin Price Rises Above $ 52,000 Amid New Investments From MicroStrategy

On the night of Thursday, February 18, the bitcoin rate on the Binance crypto exchange updated its historical maximum value, having risen above $ 52.6 thousand.In a few hours, the value of the cryptocurrency increased by more than $ 2 thousand.The market capitalization of bitcoin exceeded $ 970 billion with a total daily trading volume of $ 66 billion, according to CoinGecko, writes RBC Crypto.

The value of bitcoin for the first time exceeded $ 52 thousand after MicroStrategy announced an increase in investments in bitcoin in the amount of up to $ 1 billion.The largest holder of the first cryptocurrency among public companies will place a bond issue with maturity in February 2027 and the possibility of early redemption of securities from February 2024.

In February, the automaker Tesla announced the purchase of bitcoin for $ 1.5 billion. The company also noted that it will soon begin to accept cryptocurrency as payment. After that, its price increased by 23% per day.

Litecoin creator Charlie Lee said that now other large companies could follow the example of the electric car manufacturer. According to Lee, the investment of Elon Musk’s company could change the usual financial system.

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