Bitcoin (BTC) extended gains on Tuesday as it topped $19,000 for the first time in more than two years. Growing acceptance, both by consumer-facing companies and Wall Street institutions is rising, APA reports citing Teletrader.
Furthermore, Bitcoin's price was also boosted by PayPal allowing trading of the cryptocurrency on its platform, as well as central banks' considerations of introducing digital versions of currencies. Also, earlier, a Citibank analyst commented Bitcoin could surge to $318,000 by December 2021.
Bitcoin surged 3.54% to sell for $19,002 at 4:52 ET.