Bitcoin, Seemingly Omnipresent, Crosses the $50,000 Mark

Bitcoin rallied as more companies signaled the volatile digital currency could eventually gain widespread acceptance as a means of payment for goods and services.

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The Bitcoin logo appears on the display screen of a crypto currency ATM at the Smoker's Choice store, Tuesday, Feb. 9, 2021, in Salem, N.H. After a wild week in which Bitcoin soared to new heights, Bitcoin is crossing the $50,000 mark. Bitcoin rallied last week as more companies signaled the volatile digital currency could eventually gain widespread acceptance as a means of payment for goods and services. (AP Photo/Charles Krupa)
Image via AP Photo/Charles Krupa

This article was republished here with permission from The Associated Press, however it is no longer available to read on Snopes.com.

SILVER SPRING, Md. (AP) — After a wild week in which Bitcoin soared to new heights, Bitcoin crossed the $50,000 mark early Tuesday. Bitcoin rallied throughout the as more companies signaled the volatile digital currency could eventually gain widespread acceptance as a means of payment for goods and services. Bitcoin has been mostly seen as a store of value, like gold, with very few places to spend it. Then, last Monday, Elon Musk’s electric car…

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