Bitcoin pares gains, hovers near $46,000
Bitcoin, which hit a record high of more than $48,000 this morning has dropped back below the $47,000-mark.
We may be seeing profit taking from some bitcoin investors who may be less optimistic about a near-term surge to $50,000.
But if Tesla’s bitcoin purchase proves to be part of a wider trend of crypto buy-ups by corporate giants looking for returns in a low interest environment, the dip may be short-lived.
Bitcoin is now trading around $46,097.