World’s largest cryptocurrency by market capitalisation – Bitcoin has surged to a fresh record high of $68,000.
Gatekeepers News reports that the price of the cryptocurrency traded 4.1 percent higher on Tuesday afternoon, reaching $68,013 by 3:41 p.m.
This is according to data obtained from coinmarketcap.com.
The cryptocurrency whose last record was in October at $67,000 mark, has continued to gain acceptance worldwide as an alternative mode of payment to fiat currency.
Bitcoin had earlier received endorsements from the world’s richest man and Tesla CEO, Elon Musk; Mastercard, among others.
Also, an American investment banking services holding company, the Bank of New York Mellon Corp. had announced that it would hold, transfer and issue Bitcoin and other cryptocurrencies for institutional customers.
Since the beginning of October, Bitcoin has seen a bullish run, with the crypto market in total adding nearly $1 trillion to its total value in just a month.
Currently, the total market capitalisation of the crypto market stands at $2.94 trillion.
The second-largest cryptocurrency by market capitalisation, ethereum, also reached a record high of $4,833, surpassing the $4,800 level for the first time.
Meanwhile, the Central Bank of Nigeria (CBN) has warned Nigerians against trading in cryptocurrencies.
In February, the apex bank directed banks to close accounts of persons or entities involved in cryptocurrency transactions.
CBN warned that cryptocurrencies pose the risk of loss of investments, money laundering, terrorism financing, illicit fund flows and other criminal activities.
However, the apex bank launched its own digital currency, eNaira in October.
