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Bitcoin jumps 10% to record high on Tesla investment news

The news sent Bitcoin soaring as high as $43,625 as of 1300 GMT
Last Updated : 08 February 2021, 15:28 IST
Last Updated : 08 February 2021, 15:28 IST

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Bitcoin jumped more than 10% on Monday to a record high after Tesla said it had invested $1.5 billion in the most popular cryptocurrency last month.

The news sent Bitcoin soaring as high as $43,625 as of 1300 GMT.

The electric carmaker unveiled the investment ten days after its chief executive Elon Musk added a "#bitcoin" tag on his Twitter profile page, which drove bitcoin higher on the day.

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Published 08 February 2021, 13:29 IST

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