Big Breakthrough for Bitcoin — Is a New Record High on the Horizon?
Crypto News

Big Breakthrough for Bitcoin — Is a New Record High on the Horizon?

1 year ago

BTC raced to $54,740.37 after struggling to break through the $52,000 zone for several days.

Big Breakthrough for Bitcoin — Is a New Record High on the Horizon?

Daftar Isi

There was a lot of speculation that a big price move was brewing for Bitcoin — and on Tuesday, those suspicions were confirmed.

BTC raced to $54,740.37 after struggling to break through the $52,000 zone for several days. It’s the highest price seen since a rather nasty correction took place two weeks ago.
The newfound momentum means that we could see Bitcoin break the record of $58,330.57 that was set on Feb. 21.
BTC’s surge also created a sea of green in the altcoin markets. Ether broke $1,800 after rising by 5.89%. The dramatic rise in trading volumes was also beneficial for Binance Coin — up 17.4% to $275.

It’s a much-needed boost for Bitcoin, which has been affected by the dramatic decline seen in tech stocks over recent days. This coincided with a rise in bond yields — something that sent jitters throughout Wall Street.

Adoption Continues 

In other developments, it’s been announced that Swedish retailers are going to start offering Bitcoin gift cards — all with a goal of appealing to small investors who want to dip their toes into cryptocurrency. Cryptonow vouchers are going to be available at set prices of 100 Swiss francs ($107) or 500 Swiss francs ($537) — or for a specified amount in between. The funds are converted into BTC as soon as an access code is inputted online.

Subscribe To Our Newsletter!

Catch up with the latest headlines in the CoinMarketCap newsletter. Sign up here!
12 people liked this article