The Bank of New York Mellon

Business • Markets
Bitcoin surpasses $50k for the first time
Bitcoin surpasses $50k for the first time
Credit: unsplash.com / Bermix Studio

Bitcoin has surpassed the $50,000 mark for the first time on Tuesday, after Tesla, BNY Mellon and Mastercard showed support for the cryptocurrency and "the city of Miami’s recent moves to adopt bitcoin, and rumors of Uber and Apple jumping aboard."