Bitcoin hit a record of Ksh. 6,800,495.73 on Wednesday, extending its 2021 rally to new heights a day before coinbase’s share listing in the United States.
According to Reuters, the largest U.S Cryptocurrency exchange’s listing on the Nasdaq on Wednesday is considered a landmark victory for cryptocurrency advocates.
The world’s biggest cryptocurrency, which has growing mainstream acceptance as an investment and a means of payment, rose as much as 5 percent on Tuesday.
Major firms including Bny Mellon, Mastercard and Tesla are among those to have embraced or invested in cryptocurrencies.
Bitcoin topped Ksh.6.4 million early last month, fuelled by Tesla’s move to buy Ksh.160.19 billion of the digital currency for its balance sheet.
For the past two weeks, it had traded in a tight range.
The multi-fold rise in cryptocurrencies is also driven by investors seeking high-yielding assets amid low interest rates
