Bitcoin Hits $50K, Crypto Asset Jumps 200% in 3 Months, USD Shorts Touch a Decade High – Markets and Prices Bitcoin News

Bitcoin price hit an all-time high on February 16, 2021, surpassing the $ 50,000 mark. Cryptocurrency advocates celebrated the milestone as Bitcoin rose more than 200% in the past 90 days and rose 400% against the US dollar for the year.

  • Bitcoin (BTC) passed the psychological zone of $ 50,000 after battling the region for more than 24 hours. The leading cryptocurrency, as measured by market capitalization, has gained more than 154% since its all-time high in December 2017. At around 7:37 a.m. (EST), Bitcoin (BTC) hit $ 50,603 per unit on Tuesday.

Bitcoin (BTC) hit an all-time high of $ 50,603 per unit on Tuesday, February 16, 2021.

  • While BTC hits the $ 50,000 mark, the dominance index of the crypto asset is only 61% today. This is due to the fact that the Ethereum (ETH) accounts for 13.81% of the total value of the crypto-economy and the Tether (USDT) captures 2.21%. Cardano (ADA), Polkadot (DOT) and Binance Coin (BNB) have a touch of less than 2%.
  • BTC’s hashrate was very high today and at the time of publication the network is processing at around 163 exahashes per second (EH / s). Furthermore, with Network Mining Difficulty of $ 21.43 trillion, it has never been more difficult than it is today. Despite the massive difficulty, a whopping 21 mining pools mine BTC.
  • The five largest mining pools collect a significant amount of SHA256 hash rate as all five operations control 75% of the hash rate. This includes F2pool, Poolin, Antpool, Binance Pool, and Btc.com.
  • While Bitcoin (BTC) has hit record highs, the US dollar looks weaker than ever as the DXY index charts show the currency continues to decline. In addition, 2021 was the year of shorting the greenback as reportedly USD short positions were at their highest level in a decade.

  • Meanwhile, Bitcoin advocates have been aware of positive news like Tesla’s $ 1.5 billion BTC purchase, Mastercard and BNY Mellon adoption, the city of Miami’s recent moves to adopt Bitcoin, and rumors of Uber and Apple pending Jump board, excited.
  • When BTC hit the $ 50,000 price range, analysts believe Bitcoin prices could soar significantly. The popular Twitter account @Cryptocapo_ tweeted to its 49,000 followers that we could see the $ 60 range soon enough.
  • “BTC – Bullish continuation now seems more likely,” wrote the trader. “It teleports over 50,000 US dollars to 60,000 US dollars. $ 59k- $ 62k is the Fibonacci zone of confluence (resistance). We could see a bigger shock there, maybe to $ 45,000, ”the analyst added.
  • At the time of writing, the price fell back below the $ 50,000 handle after BTC hit $ 50,603 per coin. Currently, Bitcoin bulls (BTC) are trying to cross the psychological zone again.

Do you want to check all prices, volumes and statistics for crypto assets in real time? Check out Markets.Bitcoin.com today.

What do you think of Bitcoin crossing the $ 50,000 zone? Let us know what you think on this matter in the comments section below.

Tags in this story

@Cryptocapo_, 50,000 USD, 50,000 USD zone, 50,000 USD, all time high, analyst, Bitcoin, Bitcoin (BTC), BTC 50,000 USD, crypto asset, digital currency, markets, mining pools, price high, prices

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