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

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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.

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

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Image via TradingView

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”.

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

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

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