Bitcoin extends gains above $47,000 in Asia

Reuters

Published Feb 08, 2021 07:50PM ET

Updated Feb 09, 2021 12:50AM ET

SINGAPORE (Reuters) - Cryptocurrencies extended gains in Asia on Tuesday, with bitcoin and ethereum reaching record highs, in the wake of a Tesla (NASDAQ:TSLA) Inc investment in bitcoin.

Bitcoin posted its largest daily percentage gain in more than three years overnight, after Tesla made the announcement in its 2020 annual report.