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  • Business - Market Data
  • Updated: Mar 31, 2021

Bitcoin Extends Winning Streak Near All-Time High

Bitcoin Extends Winning Streak Near All-Time High

Bitcoin continued its rally on Wednesday near 60k as increasing institutional adoption strengthened investor confidence.

The world's largest cryptocurrency is now holding firmly above the $59,000-mark and was already up over 2 percent at $59,582 as at 08:20 WAT after it briefly touched $59,800 around 08:00 WAT on Wednesday, according to data from coindesk.com. The digital currency now has a market cap of over $1.11 trillion as trade volumes over the last 24 hours hit 

READ ALSO: Crypto Markets Extend Rally As PayPal Launches Crypto Checkout Service

PayPal on Tuesday announced a Checkout service that will allow bitcoin, ether, bitcoin cash, and litecoin to be seamlessly converted into U.S. dollars or other fiat currencies when making purchases, the same as a credit card or a debit card would work inside a PayPal wallet.

Several other big announcements from mainstream companies adopting the cryptocurrency are crippling the case for a possible crash in the digital asset's value, as its long-term usability is spreading to make it a possible addition to mainstream currencies in the near future.

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