Bitcoin Soars to $42,000 as It Extends Its Historic Rally

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Fri, 01/08/2021 - 15:20
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Alex Dovbnya
Bitcoin hit $42,000 before retracing below $41,000 in a sharp correction
Bitcoin Soars to $42,000 as It Extends Its Historic Rally
Cover image via stock.adobe.com

Bitcoin touched the $42,000 level at 15:10 UTC for the first time in history hours after surpassing $41,000. 

Immediately after reaching this milestone, the cryptocurrency dropped 2.4 percent amid growing selling pressure.  

Bitcoin
Image by tradingview.com
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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.