On Monday, March 1, the Ethereum rate on the Binance crypto exchange increased by 12% per day, exceeding $ 1.5 thousand. background of bitcoin recovery. Over the past 24 hours, the first cryptocurrency has grown in price by 5%, at its peak exceeding the $ 48 thousand mark, writes RBC Crypto.
The growth of the digital money market in 2021 is taking place against the backdrop of large investments from public companies. In February, MicroStrategy announced the purchase of 19.4 thousand bitcoins for $ 1.02 billion. Now the company’s portfolio contains 90.5 thousand coins for a total amount of over $ 4.3 billion.
Also, the investment in the first cryptocurrency was announced by the company Square, which belongs to the creator of Twitter Jack Dorsey. She additionally acquired $ 170 million worth of cryptocurrency. Together with a previous $ 50 million investment in bitcoins, she transferred 5% of her total reserves to a digital asset.
At the same time, the head of Tesla, Elon Musk, called the investment in bitcoin for $ 1.5 billion recklessness for the company from the S & P500 index. According to the entrepreneur, Tesla’s actions do not directly reflect his opinion, but bitcoin is “simply a less stupid form of liquidity than cash savings.”
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