Bitcoin Crosses $60,000, Setting a New All-Time High

Bitcoin crossed $60,000 for the first time this morning.

Bitcoin Crosses $60,000, Setting a New All-Time High

The original cryptocurrency hits another milestone. 

All Eyes on Bitcoin

Bitcoin’s price rally continues.

The digital asset crossed $60,000 for the first time this morning, weeks after setting a new record at $50,000. 

Bitcoin Crosses $60,000, Setting a New All-Time High
Source: TradingView

Bitcoin has experienced a dramatic ascent over the last few months. Its surge intensified when it crossed $20,000 back in December, three years after topping out at around $19,600. The event was widely discussed around the world as eyes turned to the cryptocurrency space once again. 

It then doubled in price in under four weeks, leading to a sustained price surge across the entire cryptocurrency market. On Feb. 16, it crossed the major psychological resistance at $50,000. Now a trillion-dollar asset class, various analysts have pointed to the six-figure mark as another key milestone. Many of them have pointed to Bitcoin’s “digital gold” value proposition. Gold’s market cap is around $10 trillion today. 

Bitcoin’s rise has partly been fueled by increasing interest among institutional investors. MicroStrategy, Tesla, MassMutual, and other corporate giants have all recently announced investments in the asset.

Bitcoin is currently the world’s sixth-largest asset, trailing only Apple, Saudi Aramco, Microsoft, Amazon, and Alphabet. At $100,000, Bitcoin would take the third spot on the leader board.

Bitcoin is now trading at $60,196. Its market cap is roughly $1.12 trillion. 

Disclaimer Read More Read Less

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Source: cryptobriefing.com

Popular news...