Tesla supercharges bitcoin, Brent barrels above $60Business — The Guardian Nigeria News – Nigeria and World News


(FILES) In this file photo Tesla CEO Elon Musk gestures as he arrives to visit the construction site of the future US electric car giant Tesla, on September 03, 2020 in Grünheide near Berlin. – With his social media prognostications about Bitcoin or GameStop, Elon Musk has been venturing further away from his own businesses and becoming more like a Wall Street heavyweight who can move markets with just a few words. (Photo by Odd ANDERSEN / AFP)

Bitcoin hit a record high near $45,000 Monday after Elon Musk’s electric carmaker Tesla invested $1.5 billion in the digital currency.

Meanwhile, the benchmark oil contract Brent North Sea rose above $60 per barrel to hit the highest level since the coronavirus pandemic began to spread globally almost a year ago.

Shortly after news broke of Tesla’s investment bitcoin hit $44,795.20 before pulling back slightly.

The cryptocurrency is up by around 50 percent since the start of the year.

“This is probably one of the biggest…

Source: Guardian Newspaper

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