# Bitcoin Holds Gains, USD Sees Weekly Loss

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Last modified: 2021-02-12

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By Paul Ebeling · 2021-02-12
Tags: Shayne Heffernan on Investments, Forex, TSLA, M%A, USD, Buck, Headline News, Paul Ebeling, Bitcoin, BK, Crypto, BTC, Bitcoin, Ethereum, USD, 2021
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#Bitcoin #USD

[$BTC](https://finance.yahoo.com/quote/BTC-USD?p=BTC-USD) $USD

Bitcoin is hanging close to record highs Friday, set for gains of over 20% in a milestone week marked by the endorsement of major firms, while the weak US jobs market weighs on the Buck.

Bitcoin, the world’s most popular cryptocurrency last traded 1.1% down at 47,451, just South of a record high of 49,000 marked after US banking group BNY Mellon (NYSE:BK)said it had formed a unit to help clients hold, transfer, and issue digital assets.

Elon Musk’s Tesla ([NASDAQ:TSLA](NASDAQ:TSLA)) announced this wk in a SEC filing that it bought $1.5-B of Bitcoin in January.

Credit card giant Mastercard’s ([NYSE:MA](NYSE:MA)) plans to offer support for some cryptocurrencies also boosted Bitcoin’s move towards mainstream finance.

Elsewhere: the USD headed for its 1st losing wk in 3 on signs of weakness in the US jobs market.

Thursday's weaker-than-expected wkly US jobless claims data added to concerns the Buck’s rally priced in a rebound for the US economy too fast.

Have a healthy weekend, Keep the Faith!

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