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Bitcoin Surges 6%, Touching $58,000

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Mon, 29/03/2021 - 10:14
Bitcoin Surges 6%, Touching $58,000
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Over the past hour, the world's flagship crypto has surged approximately six percent, rising from the $54,900 area to the $58,180 level.

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Bitcoin has recently been receiving massive support from various financial institutions, including Tesla, which is spearheaded by the world's wealthiest person, Elon Musk.

On March 25, Bitcoin dipped to the $50,100 level and has now risen to recover $58,092.

At press time, Bitcoin is changing hands at $57,909 on the U.S.-based Kraken crypto exchange.

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Image via TradingView

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Earlier today, the Visa giant announced that it plans to enable its customers to make crypto payments, using the second biggest USD-backed stablecoin, USDC.

In February, Mastercard made a similar statement, announcing that later in 2021, it will allow cryptocurrency payments to be conducted on its network.

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