February 16, 2021

Bitcoin price a hits new all-time high above $49 000

Bitcoin price a hits new all-time high above $49 000

Quotes of the first cryptocurrency broke the level of $49 000 amid the celebration of the New Year according to the lunar calendar.

Earlier, experts noted that the event-related multi-day spring festival in China has historically had a negative impact on the bitcoin rate.

Leading Cryptocurrency Price Set New All-Time High To Beyond $49 360 (on Bitstamp)

Some analysts believe that a further possible rise to $50 000 is problematic. They are paying attention to the decrease in the so-called "Coinbase premium" - the difference between spot prices on the American platform and Binance.

Cryptocurrency market capitalisation exceeded $1.5 trillion with a digital gold dominance index of less than 60%.

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