Bitcoin's price breaks above $45,000 for the first time ever

The price of bitcoin has passed another all-time high milestone, surpassing $45,000 for the first time.

The cryptocurrency is currently trading hands at roughly $45,376 -- an increase of more than 15 percent in the past 24-hours, per data from the exchange.

The development comes hours after U.S. automaker Tesla, led by entrepreneur Elon Musk, announced that it had invested $1.5 billion in bitcoin. The firm joins a small but growing list of publicly traded firms that have allocated some of their balance sheets to bitcoin. 

Related Reading

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.