United States, Feb 16, 2021 /AlexaBlockchain/ – The ever-growing interest of global institutional investors in crypto asset has provided a felicitous near-term backdrop for the virtual market. The developments in the past week played a booster for the world’s No. 1 digital asset Bitcoin, helping it reach close to $50,000, according to CoinMarketCap.
Bitcoin has become more acceptable with a strong positive Wall Street’s attention, driving it to a year-to-date gain of over 60%, compared with a rise of 2.8% for the Dow Jones Industrial Average , a 4.8% advance for the S&P 500 index and fetching 9.4% rally for Nasdaq thus far in 2021.