Bitcoin Exceeds $60,000 in Record All-Time-High
Cryptocurrency Enthusiast - Max
The price to buy Bitcoin (BTC) has officially reached a whole new high of $60,000 on Saturday morning, extending its surge as large corporations and financial firms embrace cryptocurrencies.
Bitcoin, the largest cryptocurrency in the world, was $60,415.34 at 7:25 a.m. ET, according to Coinbase, recovering from a fall at the end of February that preceded the previous record high that month.
The price of Bitcoin has increased by approximately 957% over the last 12 months. Last week, for the second time this year, it’s worth exceeded $1 trillion. Bitcoin's surge is motivated in part by expanded acceptance by broader institutional investors and companies, along with investor demand.
Tesla recently instigated a Bitcoin investment and bought $1.5 billion worth of the asset. The company expects to embrace the digital currency as payment for its goods, a move that prompted further widespread interest.
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Mastercard has said that it will open its platform to certain digital currencies. PayPal and BNY Mellon have made a few steps into industry.
Bitcoin proponents contend that the new surge is fuelled by demand from institutional investors and is separate from previous runs, including when Bitcoin jumped to about $20,000 at the end of 2017 before losing around 80% of its value next year. Others contend that Bitcoin and other cryptocurrencies have little underlying worth and fear that Bitcoin investing may be one of the greatest stimulus-fuelled market bubbles on history.
If you are looking to buy and sell Bitcoin, head over to BC Bitcoin, the UK’s best Bitcoin broker, and register an account to start trading crypto today.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards