Chesnot/Getty Images Bitcoin surged 5% on Wednesday to reclaim the $50,000 level as more firms eye exposure to the cryptocurrency space.PayPal is said to have paid more than $200 to acquire Curv, a crypto custody firm based in Israel, while Goldman Sachs revived its crypto trading desk.The surge higher also follows SEC nominee Gary Gensler's testimony to Congress.Sign up here for our daily newsletter, 10 Things Before the Opening BellBitcoin spiked 5% and reclaimed the key $50,000 level on Wednesday as more businesses are seeking exposure to the growing cryptocurrency space.Bitcoin hasn't traded above $50,000 since late February, following a more than 10% sell-off that saw the cryptocurrency fall to below $45,000.
Bitcoin Reclaims $50,000 Level As More Businesses Eye Exposure To Cryptocurrencies
mfox@businessinsider.com (Matthew Fox), Business Insider
Wed, 03/03/2021 - 7:19am
Topics: chesnot/getty images things before opening bellbitcoin february 000 the sec chairman mit goldman sachs coindesk israeli-based markets insider read business insider bitcoin curv goldman sachs gary gensler congress sec level businesses eye exposure crypto cryptocurrency higher traded set custody late trading nominee wednesday
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more