Bitcoin Suddenly Touches $50,400, Adding $1,500

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Tue, 02/16/2021 - 12:42

Yuri Molchan

The world’s largest cryptocurrency has just topped $50,000 for the second time today, printing a large hourly candle

Bitcoin Suddenly Touches $50,400, Adding $1,500

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Pushed by the bulls, Bitcoin has just soared from $48,900 to the $50,700 level, adding over $1,500 in less than an hour.

The chart on TradingView shows a large green candle, leading to the $50,700 zone—a new all-time high.

At press time, Bitcoin is sitting at $50,399 per coin. BTC surged to $50,000 earlier today but then quickly retraced.

Bitcoin Tops $50,000 for the First Time

On Jan. 7, the flagship crypto surpassed $40,000 for the first time and has now taken slightly over a month to surpass $50,000.

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About the author

Yuri Molchan

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.