Bitcoin breaks 50K

Bitcoin today – February 2021

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Bitcoin News Headline Summary

According to CoinMarketCap, bitcoin is currently worth nearly $55,000 per coin, pushing its market cap past the $1 trillion mark. [4]

Bitcoin has had blockbuster growth in the last decade, skyrocketing in price and even gaining the support of big banks. [5]

With an all-time high price and investor sentiment probably the best it has ever been, Bitcoin is the darling of pretty much every knowledgeable person who has money. [6]

Bitcoin surpassed a $1 trillion market valuation for the first time on Friday, adding to a year of record growth. [2]

Bitcoin’s astonishing rally catapulted it to a market capitalization of $1 trillion for the first time on Friday, shrugging off concerns of a dramatic collapse reminiscent of 2017 when the famous cryptocurrency fell almost 45% after hitting all-time highs. [1]

That surge has been fueled by increased mainstream attention and big institutional market movers — when Bitcoin enthusiast Elon Musk’s Tesla disclosed earlier this month that it had invested $1.5 billion in the cryptocurrency, the value surged nearly 9% in a matter of hours. [2]

This week, Jeffrey Gundlach, the chief executive of investment advisory firm DoubleLine Capital and a notable gold enthusiast, threw his weight behind Bitcoin as a better investment option in the ever-raging “Bitcoin vs. gold” wars. [6]

Speaking on Bitcoin, Gundlach explained that the asset has seen some significant liquidity and investment poured in the past few months. [6]

Analysts at JPMorgan said they have pointed to the fluctuating price of bitcoin as a problem. “In our opinion, unless bitcoin volatility subsides quickly from here, its current price … looks unsustainable,” the analysts said. [1]

Dogecoin got its share of attention, but it was barely anything in comparison to the massive shift in Bitcoin (BTC-USD) value. [3]


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