Bitcoin hits all time high with value reaching 62,000 USD

The price of Bitcoin broke through 62,000 US dollars, setting a new record. As of press time, data from the coingecko website shows that the price of Bitcoin is $ 62,509 and the market value is approximately $1.17 trillion. In the past 24 hours, the highest price of Bitcoin was $62,907 and the lowest was $59,656.

Bitcoin is the world’s largest cryptocurrency and is known for its dramatic price fluctuations. In the past few days, the price of Bitcoin has risen by more than 5%, which has pushed the total value of global cryptocurrencies to exceed US$2 trillion.

Now, more and more mainstream investors and companies accept cryptocurrency. In early March of this year, Goldman Sachs announced that it would restart its cryptocurrency trading department due to increased demand from institutional clients.

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In the same month, Tesla CEO Elon Musk tweeted that Tesla now accepts Bitcoin payments. In other words, the company’s electric cars can now be purchased with Bitcoin.

At the end of March this year, US payment technology company Visa stated that it would allow users to settle transactions on its payment network using cryptocurrencies.

In addition, payment company PayPal also announced that it will soon provide 29 million merchants with a new cryptocurrency settlement service that will allow users to pay for goods with Bitcoin and three other well-known cryptocurrencies.