Bitcoin Extends Gains above 47,000 in Asia

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Cryptocurrencies extended gains in Asia on Tuesday, with bitcoin and ethereum reaching record highs, in the wake of a Tesla Inc investment in bitcoin.

Bitcoin posted its largest daily percentage gain in more than three years overnight, after Tesla made the announcement in its 2020 annual report.

Bitcoin added as much as 2.5 to hit a record high of 47,565.86 on Tuesday and has gained 61 for the year so far. Ethereum hit a record of 1,784.

Reporting by Tom Westbrook in Singapore and Stanley White in Tokyo; Editing by Himani Sarkar

Source Reuters

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