Bitcoin

2024 - 2 - 13

Bitcoin Surges Past $50,000 Mark, Reviving Crypto Market Enthusiasm

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Bitcoin breaks $50,000 for the first time since 2021, signaling a remarkable resurgence in the cryptocurrency world.

Bitcoin made a significant comeback, surpassing the $50,000 milestone for the first time since 2021. The crypto giant's surge has reignited investor enthusiasm, with CoinShares reporting a substantial $1.116 billion investment in crypto funds last week. This spike comes after months of sustained growth, reaching heights of $50,400 in recent trading sessions. The soaring price of Bitcoin is seen as a positive sign following the approval of Bitcoin exchange-traded funds (ETFs) by US regulators, propelling the market towards a potential $1 trillion valuation.

Peter Schiff, a prominent Bitcoin critic, labeled the recent price surge as a 'pump and dump,' highlighting contrasting perspectives in the market. Despite criticism, Bitcoin's resilience and scarcity compared to fiat currencies suggest a bright future even as concerns about currency debasement loom. The industry's optimism is further manifested in the performance of related stocks like crypto exchange Coinbase, which saw a 4.9% increase, indicating a broader positive market sentiment.

Nervos Network's CKB token saw a remarkable 56% surge following the release of the RGB++ client for Bitcoin, showcasing the interconnectedness and potential for growth within the crypto ecosystem. Bitcoin's market cap, now triple the size of Ethereum's, underscores its dominant position in the digital currency landscape. The rapid pace of development in the crypto space, exemplified by new protocols like RGB++, signals continued growth and innovation, positioning Bitcoin as a key player in shaping the future of finance.

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Image courtesy of "Daily Sabah"

Bitcoin soars to cross $50000 mark for 1st time since 2021 (Daily Sabah)

Crypto heavyweight Bitcoin crossed the $50000 mark late Monday for the first time in over two years as investors remain optimistic that U.S. approval of...

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Where will Bitcoin's new growth momentum end? (FXStreet)

According to CoinShares, investment in crypto funds rose by a significant $1.116 billion last week, following inflows of $0.708B the week before. Bitcoin ...

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Image courtesy of "Proactive Investors UK"

Bitcoin smashes $50000 for first time in over two years (Proactive Investors UK)

Premier cryptocurrency bitcoin (BTC) has rocketed above $50000 for the first in over two years. The BTC/USD pair reached as high as $50400 in morning...

Bitcoin breaks $50000 for first time since 2021 | Macau Business (Macau Business)

International, MNA | Bitcoin spiked above $50000 Tuesday for the first time in more than two years as investors grow optimistic that US approval of broader ...

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Bitcoin exceeded the Threshold of USD 50000 - Sarajevo Times (Sarajevo Times)

Investors' willingness to put money into bitcoin was also supported last month by US regulators' approval of exchange-traded funds (ETFs) to track their price.

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Peter Schiff Calls Bitcoin (BTC) Price Surge 'Pump and Dump' (U.Today)

As Bitcoin is crossing the $50,000 mark, bullish tendencies are covering the whole market. Notably, Peter Schiff, as a well-known critic of Bitcoin, ...

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A raid on Russian reserves would be good for Bitcoin (DL News)

While Bitcoin and other cryptocurrencies will remain supply-constrained, debasement looms large in the future of all fiat currencies.

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Bitcoin is on steroids, market valuation set to hit $1 trillion (Nairametrics)

Recent price action affirmed the recent approval of Bitcoin exchange-traded funds (ETFs) is a big deal in the crypto market, as Bitcoin clocked its highest ...

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Bitcoin's remarkable comeback: Surges to $50000, overcoming ... (BizNews)

Bitcoin's resurgence to $50000 marks a remarkable turnaround, overcoming questions about the crypto industry's viability.

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Bitcoin Hits $50k Level For First Time In More Than Two Years ... (MinuteHack)

Crypto stocks also enjoyed a boost on Monday, with crypto exchange Coinbase up 4.9% and crypto miners Riot Platforms and Marathon Digital up 10.8% and 11.9%, ...

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Bitcoin Soars to $50000. Can Crypto Follow the S&P 500 to Record ... (Barron's)

and other cryptocurrencies marched upward Tuesday with the largest digital asset trading at its highest level in more than two years.

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Bitcoin breaks $50000 for first time since 2021 (Hurriyet Daily News)

Bitcoin spiked above $50000 yesterday for the first time in more than two years as investors grow optimistic that U.S. approval of broader trading in the ...

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Nervos Network's CKB up 56% amid launch of RGB++ client for Bitcoin (crypto.news)

The CKB token of Nervos Network has rapidly soared by over 55% shortly after developers released RGB++, an extension protocol base designed to work with ...

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Bitcoin Price Keeps Its $50000 Foothold, Putting Virtually Everyone ... (Decrypt)

The Bitcoin market cap is roughly three times the size of Ethereum'sโ€”a distinction BTC only recently re-established in October 2023.

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Bitcoin Surges to $50000 for the First Time Since 2021 on ETF ... (Yahoo Finance)

(Bloomberg) -- Bitcoin hovered around $50000 after scaling the closely watched level for the first time in over two years, a remarkable comeback from the ...

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Mint Explainer: What's caused bitcoin to surge past $50000? | Mint (Livemint)

The price of the world's largest cryptocurrency hit an all-time high of $68789 in November 2021 before crashing to $15760 in December 2022.

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Bitcoin price passes $50k as 'moon' predictions return (The Independent)

The price of bitcoin has risen above $50,000 for the first time since 2021, marking a major milestone in its recovery from below $20,000 at the start of ...

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First Mover Americas: Bitcoin at $50K. What Next? (Coindesk)

The latest price moves in crypto markets in context for Feb. 13, 2024.

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Iranian government targets cryptominers amid bitcoin rally (bne IntelliNews)

Iran Power Generation, Transmission, and Distribution Company (Tavanir) have launched an initiative to tackle unauthorised crypto mining amid the ...

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Bitcoin Hits $50000 For The First Time In Two Years. What Are The ... (Business Today)

Bitcoin has surged past the $50000 mark for the first time in over two years, driven by expectations of future interest rate cuts and recent regulatory ...

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Bitcoin snaps 7-day winning streak after breaching US$50000 plateau (The Business Times)

BITCOIN fell for the first time in eight trading sessions as speculators sought a respite following the recent rally that pushed the largest cryptocurrency ...

Portal Announces New Partnership with Babylon for Enhanced ... (Yahoo Finance)

Portal, a fintech provider advancing financial self-sovereignty with robust technology for secure and trust-minimized access to Bitcoin and diverse ...

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Bitcoin breaks US$50000 for first time since 2021 (Taipei Times)

'HALVING' IMMINENT: The cryptocurrency is being boosted by expectations the US would allow ETFs that track its price, as well as a likely supply crunch next ...

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Bitcoin Hits $50000 Milestone With the Help of Lunar New Year ... (BNN)

But the frenzy attached to Bitcoin ETFs appears to have already waned, with the average daily trading volume in the crypto market falling to $113 billion so far ...

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Bitcoin is everywhere but on the lips of advisers (Axios)

Some investment advisers aren't allowed to talk about it with clients, let alone park their money in it.

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Spot Bitcoin ETFs Now the World's Largest BTC Holder (Yahoo Movies)

Since their Jan. 22 post-launch price low, the largest spot bitcoin ETFsโ€”the iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC)โ€”have ...

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Bitcoin euphoria is back as investors prepare for the quadrennial ... (CNN)

Bitcoin rose to $50000 Monday for the first time in two years, fueled by a rush of new-investor enthusiasm and growing anticipation over a cryptic-sounding ...

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Bitcoin ETFs' First Month Is in the Books: How It Went and What ... (Coindesk)

It's been a successful launch, but things could get really interesting once much of the wealth management industry comes on board, which could be sooner ...

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Bitcoin ETF Buyers Appear to be Chasing Rally, Correlation Data ... (Yahoo Finance)

(Bloomberg) -- FOMO - fear of missing out - on Bitcoin's recent rally appears to be helping to drive demand for the batch of exchange-traded funds approved ...

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Bitcoin Price Prediction: Can BTC Reach $100000? (Forbes)

Bitcoin dropped below $17000 in 2022. However, the crypto has since rallied, leading many investors to wonder if bitcoin could rise above its historical ...

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Bitcoin Favored in Human Trafficking, Child Exploitation: FinCEN ... (Coindesk)

The Treasury's financial-crimes arm found that bitcoin was increasingly popular for use in trafficking of people and materials tied to child sexual abuse, ...

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Bitcoin falls under $50000 following hotter-than-expected inflation data (CNBC)

Cryptocurrencies fell Tuesday amid a broader market sell-off following a hotter-than-expected CPI reading.

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Bitcoin hits US$50000 for first time in two years (The Star Online)

The US securities regulator on Jan 10 approved the first US spot bitcoin ETFs, a watershed for the world's largest cryptocurrency and the broader crypto ...

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Bitcoin Weathers Global Market Slump Sparked by Inflation Jump (Yahoo Finance)

(Bloomberg) -- Bitcoin rode out a surprisingly strong US inflation print that roiled global markets by dimming hopes for rapid interest-rate reductions.

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Risk Assets Like Bitcoin Are Defying Low Fed Rate Cut Expectations ... (Coindesk)

An interest rate cut isn't likely on the table, but risk assets are doing just fine.

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Crypto market, Bitcoin go bearish following US CPI report (crypto.news)

According to data from the CME Group, the CPI annual rate dropped from 3.4% to 3.1% while the expected rate was 2.9%. As the inflation rate outmatched the ...

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Bitcoin price drops $1.6K on hot CPI as markets price out Fed rate cut (Cointelegraph)

BTC price dives nearly 4% on U.S. inflation worries with CPI data erasing Bitcoin trader optimism over a Fed rate cut.

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Bitcoin (BTC) Price Holds Firm In Face of Global Market Slump ... (Coingape)

Bitcoin price shows strong resilience to major upheaveal on Wall Street, while the upcoming halving event offers strong support.

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