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Bitcoin Prints New ATH of $53,000, Here’s What’s Driving BTC UP

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Fri, 02/19/2021 - 09:32
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Yuri Molchan
BTC has just demonstrated a brief surge to a new ATH at the $53,000 level on Binance
Bitcoin Prints New ATH of $53,000, Here’s What’s Driving BTC UP
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The flagship cryptocurrency has just tapped a new all-time high level on the Binance exchange, breaking above the $52,800 level and hitting $53,000.

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Image via TradingView

The previous all-time high was reached just two days ago, on Feb. 17, $52,533, according to data from CoinMarketCap.

Bitcoin has been rising to new peak price values this year, taking them one after another, as more and more financial institutions and big-name financial influencers have been showing interest in Bitcoin.

Some of them have been converted to BTC, such as Jeffrey Gundlach, founder and CEO of DoubleLine Capital, as reported by U.Today on Thursday.

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Source: TradingView

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Meanwhile, the total amount of crypto assets under the management of the Grayscale fund has gotten over the $40 billion mark, with Bitcoin Trust being the leading product of the company.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.