Feb 16, 2021

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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Risk Awareness

Cryptocurrency is a digital representation of value that functions as a medium of exchange, a unit of account, or a store of value, but their value is completely derived by market forces of supply and demand, and they are more volatile than traditional currencies. Trading or holding funds in cryptocurrencies comes with significant risks, including volatile market price swings or flash crashes, market manipulation. Use EUPi stable coin to secure your funds from market volatility.

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