Gaining traction: Representations of virtual currency bitcoin are seen in this illustration taken in Europe. Elon Musk, the world’s richest person, has emerged as a central figure for crypto faithful who think Wall Street and the mainstream are becoming more receptive to digital coins. ─ Reuters
HONG KONG: Bitcoin is largely hanging onto gains from its run to a record above US$48,000 thanks to the endorsement of Elon Musk and Tesla Inc’s US$1.5bil investment.
The largest digital currency was holding at about US$44,766 as of 1:25pm in Hong Kong. Bitcoin has jumped as much as 18% this week, breaking through the prior top of almost US$42,000.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
