US EditionBitcoin hits $50,000 level for first time since 2021
- Bitcoin surpassed $49,000, its highest level in over two years, with potential for new highs and even reaching its all-time high of $65,000.
- Positive sentiment returns to crypto as bitcoin had its best week since December, rising 10.76%. Outflows from the Grayscale Bitcoin ETF previously suppressed sentiment.
- The recent surge in bitcoin's value can be attributed to growing expectations of central bank interest rate cuts and the upcoming bitcoin "halving" event in April.
112 Articles
112 Articles
Bitcoin Hits $50,000 Milestone With The Help Of Lunar New Year
(Bloomberg) -- Bitcoin’s headline grabbing jump to $50,000 came as little surprise to traders noting a seasonality effect in a corner of the crypto market: The digital asset tends to move higher in light trading around the Lunar New Year.The oldest cryptocurrency’s remarkable comeback to the highest levels in more than two years has been closely associated with the US approval of spot Bitcoin exchange-traded funds last month. But the frenzy atta…
The Bitcoin course rose for the first time since the end of 2021 on Tuesday again above 50,000 dollars. The advance of the largest cryptocurrency in the world leads again to wild forecasts among analysts and crypto believers. "100,000 dollars is still achievable this year", says Geoff Kendrick of the British banking group Standard Chartered.
Bitcoin value breaks through 49,000 dollars (45,400€) for the first time in two years. If bitcoin can maintain above this level, it will open the way to new all-time highs. "50,000 dollars is an important milestone for bitcoin, as the introduction of margin trading accounts last month not only pushed above this key psychological level, but also led to a sell-off and a deep rethink of these new bitcoin products," said Anton Trenchev, co-founder o…
The digital currency has been growing for weeks and has now reached an important mark. The reason for this is also the approval of the first Bitcoin index fund in America, which allows investors to invest without having to buy Bitcoin themselves.
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