Bitcoin Surpasses $50,000... Musk Says "I Support Dogecoin"

[Asia Economy New York=Correspondent Baek Jong-min] The virtual currency Bitcoin price soared above $50,000, overcoming the spread of the Omicron variant infection and concerns over US interest rate hikes.

[Image source=Yonhap News]

Bitcoin Price Chart

According to CoinMarketCap on the 23rd (local time), Bitcoin is trading at $51,000, up 4.2% compared to 24 hours ago. Ethereum is up 3.2%, trading at $40,135.

Bitcoin was hovering around the $48,000 level in the morning but sharply increased its upward momentum after noon. During the session, it even surged to $51,300.

Bitcoin had recently fallen to $45,000 amid a widespread risk-averse sentiment.

On the same day, Tesla CEO Elon Musk reiterated his support for Dogecoin, stating, "I prefer Dogecoin because Bitcoin only benefits the new rich."

Dogecoin is up 3.59%, trading at 18.17 cents.

This content was produced with the assistance of AI translation services.