Record high bitcoin price approaches $63,000 mark

May 3, 2022

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Record high bitcoin price approaches $63,000 mark, The value of the bitcoin reached a record level of 62,818 dollars (52,793 euros) on Tuesday. This means that the old record of March, when the cryptocurrency was briefly worth more than 61,000 dollars, is out of the books.

The price of the bitcoin has been on the rise for some time and was around the level of March last weekend. The advance continued this week.

The cryptocurrency still has the wind in its sails as more and more companies, including payment companies such as Mastercard, Visa and PayPal, embrace digital currencies. For example, you can now buy a Tesla with bitcoins.

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Ether, the currency with the largest total market value after bitcoin, rose to a record value of more than $2,200.

Experts previously stated that the exchange rate of digital currencies would also get a boost due to the hefty corona support package of US President Joe Biden.

As a result, investors would dare to step into more speculative investments such as bitcoins.