The price of Bitcoin (BTC) succeeded in touching the level of $ 47,000 during Tuesday's trading, after it slightly abandoned it, on the same day that the company revealed Tesla about its $ 1.5 billion investment in Bitcoin.
documents from Tesla revealed that the company has devoted 7.7% of its total cash position to Bitcoin. The purchase gives Tesla a major $ 1.5 billion position in the top-ranked digital asset.
In conjunction with the rise of the most famous and largest digital currency in the world, stock markets have risen to new highs, as have alternative currencies, according to the Coin Telegraph.
data from the Coin Telegraph and Trading View markets shows that Bitcoin is currently up 20.77% and is trading near $ 46,800.
Meanwhile, the majority of altcoins and decentralized financing tokens also rose, reaching two-digit gains for the day.
While some analysts speculate about the next big company to hop on the Bitcoin train, Paul Steves, analyst at Royal Bank of Canada Dominion Securities, thinks Apple will be the player The next corporate to join this trend
and according to Stevez, if Apple were to launch a cryptocurrency exchange or buy Bitcoin, that could lead to annual revenues of nearly $ 40 billion.
Bitcoin's bullish price action came at a critical time as digital assets have seen a drop in public sentiment in recent days as price struggled to break above the $ 38,000 level.
Dogecoin (DOGE) also rose as the bulls pushed the popular meme-based currency to an all-new high of $ 0.0839.
The move came shortly after Marc Cuban gave the nod of approval by describing the altcoin as the best entertainment hype available for the money available in the cryptocurrency market.
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Cardano's ADA price also rose to a new multi-year high of $ 0.72, an increase of 100% since February 1, after the successful implementation of the test network Smart and the possibility of integration of decentralized financing in the future, which enhanced investor expectations for the project
