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Bitcoin hits $50,000, a new historic milestone for BTC price

CryptocurrencyFeb 16, 2021 11:00PM ET
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Bitcoin hits $50,000, a new historic milestone for BTC price

Bitcoin (BTC) surged to new all-time highs on Feb. 16 following a week of bullish news including Tesla (NASDAQ:TSLA) accepting BTC and MicroStrategy planning to raise another $600 million to buy Bitcoin.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets and TradingView showed BTC/USD climb over 5% in hours on Tuesday days after BNY Mellon (NYSE:BK) confirmed that it would store crypto for asset management clients and rumors also swirled around Morgan Stanley (NYSE:MS).

Binance buy and sell positions on BTC/USD. Source: Material Indicators

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Bitcoin hits $50,000, a new historic milestone for BTC price
 

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