Bitcoin Scores New All-Time High of $54,500

Yuri Molchan

The world’s biggest digital currency has stepped over the $54,500 level, printing a new all-time high

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Fri, 19/02/2021 - 16:39

Bitcoin Scores New All-Time High of $54,500

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Bitcoin keeps rising, now surging above the $54,000 resistance line and reaching the $54,500 level on the Binance exchange.

The massive inflows of cash into Bitcoin from major financial institutions are pushing the flagship cryptocurrency further North.

Earlier today, it was reported that the business intelligence behemoth MicroStrategy raised over $1 billion to invest in Bitcoin.

Elon Musk has also explained his choice of Bitcoin for Tesla, saying that it is a slightly “less dumb form of liquidity compared to fiat”.

Bitcoin Officially Becomes $1 Trillion Asset

Besides, Bitcoin has officially reached a $1-trillion market cap level.

Earlier today, BTC hit a new peak level of $53,000.

#Bitcoin News

About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He 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.