Bitcoin hits $1-T market cap; stocks end mixed

New York: Bitcoin hit a new record high on Friday (Saturday in Manila) and surpassed $1 trillion in market capitalization, while European and United Sates equities were mixed as optimism over coronavirus vaccines and stimulus competed with inflation fears.

This Dec. 17, 2020 file photo shows a physical imitation of a bitcoin at the ‘Bitcoin Change’ cryptocurrency shop near Istanbul’s Grand Bazaar in Turkey. AFP PHOTO