Bitcoin’s Market Cap Hits $1 Trillion As America’s Largest Mining Facility Goes
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As Texas is hit hard by a severe winter storm, bringing snow and freezing temperatures, Bitcoin mining farms go offline as the currency’s value reaches an all-time high. Bitcoin achieved a record high this week at a value of $54,000 on Wednesday, with reports of the currency ‘going mainstream’. While big companies such as Tesla and some major investment banks, including JPMorgan and Goldman Sachs, are coming around to the currency’s appeal, its volatility threatens the sustainability of this value. …
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