Market Outlook

"The market is now pricing in a high likelihood that many other corporates will copy Tesla," one trader said.

Signature is "positioned to ride the crypto wave," a JPMorgan analyst wrote.

That Tesla has invested in bitcoin is an announcement the market had long sought to hear.

The price of gas continues to rise on Ethereum, squeezing smaller retail traders using DEXs.

Electric-vehicle entrepreneur Elon Musk follows through with a $1.5 billion purchase after adding "#bitcoin" to his Twitter profile late last month.

The largest cryptocurrency surged at least 11% to surpass the previous peak price of $41,962 reached in early January.

The Chicago exchange has now traded 77 ETH contracts after going live on Sunday.

Analysts at the largest bank in Canada have other suggestions for the iPhone maker, including developing an open system that uses a bitcoin wallet.

USD stablecoins are created largely outside the dollar system and lack federal deposit guarantees. Investors should be careful.

The Central Bank of Nigeria said its warning to banks on Friday was not a new position, but a reiteration of its 2017 stance on cryptocurrencies.

DOGE also jumped four places on the list of most-valuable cryptocurrencies to No. 7.

The fund noted it would not expose more than 15% of its $2.25 billion in assets to bitcoin.