ToplineAfter a stark plunge Thursday that wiped out $100 billion in market value, the world's largest cryptocurrency is back near all-time highs Tuesday as corporations like Visa and PayPal join other institutional players in expanding their crypto offerings. Bitcoin, the world's largest cryptocurrency has been on the mend since shedding $100 billion in one ... [+] day last week. Key BackgroundBitcoin prices have skyrocketed over the past year amid booming institutional adoption and inflation fears sparked by unprecedented government spending to combat the pandemic. Its return of about 96% this year is more than any sector tracked by the S&P 500. Further ReadingSEC Commissioner Explains Why A Delayed Bitcoin ETF Has Consequences (Forbes)Bitcoin Plunge Erases $100 Billion In 24 Hours–Here's How Long The 'Bloodbath' Could Last (Forbes)Legendary Investor Warns Bitcoin Ban ‘Likely’ As Price Suddenly Soars Toward $60,000 (Forbes)

Source: Forbes March 30, 2021 20:15 UTC