Bitcoin hits all-time high after Mastercard, BNY Mellon support crypto

Bank of New York Mellon said Thursday it will hold, transfer and issue Bitcoin and other cryptocurrencies for institutional customers

Bitcoin jumped to a record high after Mastercard and Bank of New York Mellon moved to make it easier for customers to use cryptocurrencies.
 
The largest digital asset rose as much as 7.4 per cent to $48,364, surpassing the all-time high reached Monday after Tesla announced it would hold $1.5 billion of the cryptocurrency on its balance sheet. The wider Bloomberg Galaxy Crypto Index also touched a record.
 
“The crypto-asset world is bursting into the realms of traditional finance at a staggering pace,” said Simon Peters, an analyst at investment platform eToro.
 
Mastercard singled out so-called “stablecoins,”