Bitcoin trades 7% higher while Ethereum in record territory
Bitcoin trading at $66,105 early Monday while Ether at $4,722 and Dogecoin hits 28.4 cents per coin
Bitcoin was trading more than 7% higher Monday morning.
The price was around $66,105 (+7.11%) per coin, while rivals Ether, the world's second-largest cryptocurrency, rose to $4,722 (+3.75%) and Dogecoin traded at 28.4 cents (+9.51%), according to Coindesk.
New York City Mayor-elect Eric Adams pledged Nov. 4 he would accept his first three paychecks in bitcoin when he formally takes office next year.
MIAMI MAYOR TO ACCEPT ENTIRE SALARY IN BITCOIN
Adams made the claim in response to a tweet from Miami Mayor Francis Suarez, who said earlier this week that he would take his next check "100% in bitcoin." The incoming New York City mayor suggested his administration will take a friendly stance toward cryptocurrencies.
"In New York we always go big, so I’m going to take my first THREE paychecks in Bitcoin when I become mayor," Adams wrote on Twitter. "NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!"
Ethereum, Bitcoin and Dogecoin were up early Monday. (iStock)
The value of bitcoin and other leading cryptocurrencies has surged in recent months.
In other cryptocurrency news, The Kroger Co. said Friday a press release claiming the nationwide grocer would begin accepting Bitcoin Cash was fabricated and untrue, becoming the second giant retailer in a matter of weeks to fall victim to an erroneous announcement that they would take a cryptocurrency as payment.
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The fake press release, titled "Kroger to accept Bitcoin Cash," was published on Kroger's investor relations portion of their website through a direct feed from PR Newswire, where it was originally posted, the grocery chain told Reuters.