Bitcoin made a leap of more than 10% today, reaching a high record, after Tesla announced that it had invested $1.5 billion in the most popular cryptocurrency during last month.
The news led bitcoin to jump up to $43,625. Smaller cryptocurrencies, such as Ethereum and XRP, which tend to move aside with Bitcoin also showed an increase, rising 5% and 4% respectively.
The electronics company revealed the investment 10 days after CEO Elon Musk “made” the price of the cryptocurrency go up, as he added the “#bitcoin” tag to his Twitter profile page. A few days later, Musk removed it from his personal Twitter account, but continued to praise bitcoin and other cryptocurrencies (especially Dogecoin) to his 46 million followers.
Bitcoin has had a tremendous 50% rise since the beginning of the year, while last year its price increased by more than 300%.