News > Bitcoin Climbs Past $50,000 After Backing From Ark’s Cathie Wood

Bitcoin Climbs Past $50,000 After Backing From Ark’s Cathie Wood

The Hindu Business Line | 24/02/2021 10:38 AM | Click to read full article

Bitcoin rallied back above $50,000 on Wednesday, aided by supportive comments from Ark Investment Management’s Cathie Wood.

The largest cryptocurrency advanced as much as 5.4 per cent to about $50,557 in Asian trading. The rebound follows a tough week for the token, including a drop to $45,000 yesterday that revived doubts about the durability of a breathtaking and volatile fivefold surge over the past year.