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Bitcoin was trading 2.53% higher on Wednesday morning, destroying the $ 47,000 mark.
The price was around $ 47,120 per coin, while rivals Ethereum and Dogecoin traded at about $ 3,400 (+ 1.79%) and 24.2 cents (+ 1.46%) per coin, respectively, according to Coindesk.
Since last week, when Bitcoin traded at $ 43,000 per currency, it has steadily risen to break $ 47,000 in early Wednesday.
BITCOIN TO EL SALVADOR SPARKS CRYPT CURRENCY DEBATE
On Tuesday, in bitcoin news, the Miami City Commission voted Monday in favor of accessing MiamiCoin, a Miami-specific cryptocurrency worth about $ 5 million.
For every MiamiCoin that people mine (or create) using a cryptocurrency base called Stacks, which has its own testimony, Miami gets funding that elected leaders can use to improve the quality of life for city residents.
Bitcoin traded 2.53% higher on Wednesday morning, destroying the $ 47,000 mark. (stock)
MiamiCoin is the first CityCoin, a city-based testimonial that plans to expand to cities other than Miami, although CityCoin has no association with Miami. Instead, the cryptocurrency is entirely of community origin and community oriented.
In other news about bitcoins, billionaire Steven A. Cohen, owner of New York Mets Major League Baseball Baseball, will invest in a new cryptocurrency trading firm, the latest bet in the digital asset markets of a major investor of Wall Street.
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The hedge fund manager agreed to make an initial investment in Radkl, a quantitative trading company specializing in digital assets, according to the firm’s executives and a Cohen spokeswoman.