Bitcoin hovered near $50,000 on February 25 amid what one analyst suspects are fresh buy-ins from institutional investors. US institutional investors are still buying Bitcoin at the 48k price,” said Ki Young Ju, CEO of on-chain analytics resource CryptoQuant.
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Markets Report: Bitcoin sheds 4% as bulls give way to new correction
A comedown from the weekend’s all-time high accelerates on Monday, with $50,000 about to be tested as support for the first time
Bitcoin is correcting again as the latest phase in its epic bull run looks ripe for some disruption. After the weekend produced a fresh all-time high of $58,314 for BTC/USD, Monday is proving stubborn, with Bitcoin briefly coming down over $10,000 in 24 hours before reversing.
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“It remains ‘buy everything that isn’t the dollar’ season. Especially #Bitcoin,” said popular trader Scott Melker (Photo: CoinMarketCap)Markets Report: Bitcoin reaches for $1 trillion asset status after a week of all-time highs
Uninterrupted upside and increasing demand cement a week to remember for hodlers of both Bitcoin and altcoins
Bitcoin is ending one of the more spectacular weeks of both its recent history and its entire existence, still comfortably above $50,000. After gaining almost 10% over the past seven days, Bitcoin has surprised an already bullish crowd of hodlers and dealt an increasing blow to naysayers who remain convinced that a crash is guaranteed.
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Bitcoin appears to be stabilizing above $50,000 as Ether pushes $2,000 barrier (Photo: CoinMarketCap)Markets Report: New all-time highs keep coming for Bitcoin, Ether
The past 24 hours brings records for the two largest cryptocurrencies, with charts providing little bearishness to spoil the mood
Ether hit new all-time highs of $1,929 on February 18 as a brief lull in Bitcoin price action allowed for further upside. The latest push higher brings Ether closer than ever to the significant psychological barrier at $2,000, something which if broken could immediately spur a surge to $2,200.
