Bitcoin which plunged for a while due to negative reviews by U.S. Treasury Secretary Janet Yellen, rebounds to the $50,000 per-unit level on this morning (3/2).
According to CoinDesk Bitcoin was around $49,500 per unit earlier in the day (GMT+8). It is up more than 6% from a day earlier.
In particular, the price temporarily exceeded the 50,000-dollar mark, reaching 51,77 dollars.
Bitcoin’s price at more than $58,000 on the 22nd of last month, but fell due to the influence of U.S. Treasury Secretary Yellen calling it an “extremely inefficient means to carry out transactions” and even Tesla CEO Elon Musk, who invested in Bitcoin, saying “The price seems high.”
As a result, the price was around $43,500 on the 1st of this month. But it rebounded as some positive news spread.
Bitcoin rebounds, more things to be aware of
In fact, investment bank Goldman Sachs plans to resume its dedicated virtual currency desk and provide bitcoin futures to other financial products by the middle of this month, Bloomberg reported, citing anonymous sources.
Goldman Sachs reportedly have stopped making similar attempts in 2018.
In addition, U.S. software company Micro Strategies, famous for its huge investment in Bitcoin, said it has increased its total amount of Bitcoin holdings to $4 billion.
Citigroup predicted in its investment note (3/1) that Bitcoin is at the tipping point. And may one day be selected as a currency for international trade.
However, there is still a negative assessment of cryptocurrency, mainly from the authorities.
According to CNBC, U.S. Attorney General Leticia James warned the virtual currency industry in a press release on the 1st. He asked investors to be “very careful.”
Prosecutors in New York have filed a lawsuit against Coinseed, a cryptocurrency investment platform, on charges of illegal operation.
Bloomberg reported that China’s Inner Mongolia provincial government said it would ban the mining of virtual currency through regulations unveiled on the 25th of last month, reviving fears that spread after the Chinese government’s past countermeasures.