Roses are red, violets are blue, Bitcoin hits $49K and a new all-time high too
The price of Bitcoin broke past $49,000 to achieve a new all-time high across major exchanges. The price of Bitcoin (BTC) achieved a new record above $49,000 on Valentine's Day on Feb. 14, rising to as high as $49,344 on Coinbase.There are three main reasons Bitcoin surged to a new all-time high, namel high stablecoin inflows, clean break of the $38,000 resistance area, and a prolonged consolidation phase.BTC/USD 4-hour price chart (Coinbase). Source: TradingView.comHigh stablecoin inflows were keyThroughout the past several days, despite Bitcoin’s consolidation below $38,000, on-chain....
Related News
According to data from Bitstamp, the USD price of 1 BTC has eclipsed its previous all-time high of $19,666 set on December 13, 2017. The post Bitcoin Price Hits All-Time High appeared first on Bitcoin Magazine.
Enso raises $5 million from top funds and YFI price hits a new record high as the demand for DeFi yield rises. The appetite for DeFi is rising again as blue chips are rallying and yield-earning strategy-sharing platforms, like Enso, are on the rise.Enso, a platform where users can share yield-earning strategies, raised $5 million on April 13 from top U.S. venture capital firms including Polychain Capital and Multicoin Capital.Synthetix (SNX) founder Kain Warwick, Aave founder Stani Kulechov, Dfinity COO Artia Moghbel, and other prominent angels took part in the round.The high-profile....
The price of bitcoin surpassed its all-time high touching $20,800 on Wednesday morning (EST). At the time of publication, the crypto asset is up over 6% during the last 24 hours with a whopping $380 billion market capitalization. Bitcoin has touched a two-week high reaching $20,800 per coin on Wednesday, December 16, 2020. The price has crushed the previous all-time high (ATH) captured on December 1, 2020, at $19,920. After reaching the ATH on Wednesday, nearly 100% of all BTC in circulation is in a state of profit. There is currently 18.5 million BTC in circulation which gives the crypto....
Bitcoin has reached its highest-ever market capitalization, the measure of the total supply’s value relative to USD, per publicly-available market data. The post Bitcoin’s Market Cap Hits All-Time High appeared first on Bitcoin Magazine.
Bitcoin surges above $35K for first time with U.S. Democrats poised to take full control of government and 'Kimchi Premium' back in force.