Tesla, led by Elon Musk, confirmed that it bought about $ 1.5 billion in bitcoin in January and hopes to start accepting it as payment in the future.
Artur Widak | NurPhoto | Getty Images
Bitcoin’s price reached a new record of almost $ 50,000 on Sunday, when major Fortune 500 companies showed support for digital currencies.
The world’s largest cryptocurrency in market value rose more than 5%, to a high of $ 49,716 on Sunday afternoon, according to data from the industry website CoinDesk.
The digital asset reversed course on Monday, sinking 2.4% in the past 24 hours, at a price of around $ 47,925.
The rise of Valentine’s Day was thought to have been driven by news from big companies like Tesla, Mastercard and BNY Mellon heating up for cryptocurrencies.