Cryptocurrencies: Bitcoin touches new high of $56,563;  Kiss' frontman supports Cardano's ADA
Cryptocurrencies: Bitcoin touches new high of $56,563; Kiss' frontman supports Cardano's ADA
capital.com

Cryptocurrency Bitcoin touched an all-time high of $56,563.72 on February 20 at 2.39 am (GMT), according to Coindesk. This currency has soared by over 60 per cent since the start of the year. In the last 24 hours, the return on the currency was up by around 8-9 per cent.

This digital currency has a total supply of 18.63 million. As this supply is limited, the value of this digital currency is on the rise. According to Coindesk, the currency’s 24-hour low was $50,927.34 per piece. In India, one Bitcoin is sold at Rs 41.07 lakh per piece, according to CoinDCX.

Bitcoin's gains have been fueled due to the support expressed by mainstream investors and companies like Tesla, Mastercard, BNY Mellon and others.

Meanwhile, digital currency, Cardano, peaked after Kiss bassist and frontman Gene Simmons voiced his support for Cardano (ADA) on Twitter. He also bought Cardano (ADA) worth $3,00,000.

Cardano's native token ADA is currently priced at $1.04 and is up by 16.70 per cent at 9.45. It is the sixth-largest cryptocurrency by market capitalisation of almost $32 billion.

Meanwhile, meme-based cryptocurrency, Dogecoin, was down 4.84 per cent in a 24-hour period. This currency was in the limelight after it received praise from Tesla’s Elon Musk, who also purchased Dogecoin for his son. 'X Æ A-12.

At 9.22 am, other digital currencies like Ethereum, XRP, Stellar, and Chainlink saw a rise in value by 4.43 per cent, 5.59 per cent, 5.53 per cent, and 8.36 per cent respectively in the last 24 hours.

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