{"id":3327,"date":"2021-03-14T00:00:00","date_gmt":"2021-03-14T00:00:00","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=3327"},"modified":"2021-03-26T00:13:52","modified_gmt":"2021-03-26T00:13:52","slug":"bitcoin-surges-above-60000-usd-for-the-first-time","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/bitcoin-surges-above-60000-usd-for-the-first-time\/","title":{"rendered":"Bitcoin Surges Above $60,000 USD for the First Time"},"content":{"rendered":"\n<p>Bitcoin continues its record run, rising above $60,000 for the first time yesterday, tripling its market capitalization to $1 trillion.<\/p>\n\n\n\n<p>Some analysts also point to the huge stimulus package that the US government recently approved as a catalyst for its upward trend, and the ongoing pandemic has also contributed to the rise of Bitcoin, as more people use Bitcoin instead of the actual currency for online purchases.<\/p>\n\n\n\n<p>Another factor is the number of top global companies that have adopted it as a means of payment. Electric car maker Elon Musk bought $1.5 billion worth of Bitcoin in February and will soon allow it as a means of payment for his cars. In a similar move, Mastercard will soon accept cryptocurrencies as a means of payment, while the world&#8217;s largest asset manager BlackRock is already exploring how to use digital currencies.<\/p>\n\n\n\n<p>Still, critics point to the speculative nature of Bitcoin, which has engaged in market manipulation that has led to wild price swings and sharp falls in recent months.<\/p>\n\n\n\n<p>For more information, read the &lt;a href=&#8221;https:\/\/www.bbc.com\/news\/business-56390409&#8243;&gt;Original Story&lt;\/a&gt; on BBC.com.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin continues its record run, rising above $60,000 for the first time yesterday, tripling its market capitalization to $1 trillion. Some analysts also point to the huge stimulus package that the US government recently approved as a catalyst for its upward trend, and the ongoing pandemic has also contributed to the rise of Bitcoin, as [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9],"tags":[],"class_list":["post-3327","post","type-post","status-publish","format-standard","hentry","category-todays-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/3327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=3327"}],"version-history":[{"count":13,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/3327\/revisions"}],"predecessor-version":[{"id":3544,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/3327\/revisions\/3544"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=3327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=3327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=3327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}