Bitcoin Hits Record $48.2K

[AWMM24]

Bitcoin and ether surpassed Monday’s price records. In ether’s case, CME’s futures launch has given the asset more credibility than ever before.

Bitcoin (BTC) trading around $47,174 as of 21:15 UTC (4:15 p.m. ET). Gaining 7.1% over the previous 24 hours.

References: https://www.coindesk.com/market-wrap-bitcoin-record-cme-ether-futures

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[barto123]

The richest man in the world just 10% of his company balance sheet into Bitcoin to avoid loss of purchasing power to inflation, we're going so much higher!

Other companies are almost forced to follow suit on the presumption that Elon has made a smart move - He has.

There is a rumor (from what I've been told is a reliable source) Apple, Google & Oracle are next.

Selling here (or ever) is madness.

[xcaret]

Sooner or later, it will break $50,000. Bitcoin will have more power to increase this year, and with the increases yesterday, it proves to us that bitcoin can be more than $75,000 this year. But still, it is too high to expect bitcoin price can increase more than $100,000. I am sure many of us are waiting for the next new ATH because that will make us make a big profit.

Here in Canada BTC is already at $59,175.   
To bad your To bad USD and Euros ,are lagging behind .. Lol.

[bakasabo]

Here in Canada BTC is already at $59,175.   
To bad your To bad USD and Euros ,are lagging behind .. Lol.

To bad Canada is lagging behind Australia. Bitcoin price there is 60148.98 dollars, Australian dollars.

3 more working days till the end of this week and Bitcoin has great chances to cross 50,000 USD line. Anyway, this is just a matter of time when that gap will be passed. After Elon Musk's deed (recent $1.5 billion investment), world richest people will act in the same way and will push the price up.

[DapanasFruit]

The big party has just landed. Soon, more and more corporate buying of Bitcoin can be creating a big lack of supply and hence the price can be growing up and up. Bitcoin is now officially the darling of many moguls and some are already preparing to make their moves in anticipation of this coin's price reaching as high as $100K this year. Elon Musk definitely has opened the Pandora Box and there is nothing that can sealed it again.

[Jating]

This is just the start though, maybe we will see more big companies do what Tesla or other billionaires are doing right now. Hedge their wealth into bitcoin, fight inflation, so it's a win win situation for them and for us bitcoin enthusiast.

Now it's $48k and maybe we will see $50k next or even more. So let's see who are going to be suckered into bitcoin, I wouldn't be surprised to see other billionaires like in the other industries to get into the bitcoin bandwagon.

[Kittygalore]

Sooner or later, it will break $50,000. Bitcoin will have more power to increase this year, and with the increases yesterday, it proves to us that bitcoin can be more than $75,000 this year. But still, it is too high to expect bitcoin price can increase more than $100,000. I am sure many of us are waiting for the next new ATH because that will make us make a big profit.

I can see a pattern that this next break on 50k will be easy like what happened at 30k being easily broken after a hard resistance at around the 20k. 75k is a far fetch for now but with Tesla's action, I think that there is more to come but 100k is not impossible, we never expected this current prices back when bitcoin was still 10 dollar apiece so we just have to trust the volatility of bitcoin and that it will only go up. One thing that worries me is that we might reach a prices that are unattainable for certain people which will defeat the purpose of bitcoin of being an all walks of life investment.

[Rruchi man]

Like i have said and will always say, there is no stopping the bitcoin revolution. $48.2k will soon become the new normal price for btc. 2021 is the year where bitcoin price value will surpass our expectations. Watch and see!

[Vishnu.Reang]

Here in Canada BTC is already at $59,175.    
To bad your To bad USD and Euros ,are lagging behind .. Lol.

To bad Canada is lagging behind Australia. Bitcoin price there is 60148.98 dollars, Australian dollars.

3 more working days till the end of this week and Bitcoin has great chances to cross 50,000 USD line. Anyway, this is just a matter of time when that gap will be passed. After Elon Musk's deed (recent $1.5 billion investment), world richest people will act in the same way and will push the price up.

Here in India, the price is 3% to 5% lower than the international market price, as users are wary about the incoming ban from the government. In most of the P2P platforms, there is a lot of selling pressure and the volumes are also low. Many of the vendors have also deactivated their account in these platforms (local KYC-compliant exchanges are also showing a similar discount and reduction in trade volumes).

BTW, there was a lot of resistance around the $20,000 level in 2020. It took almost a month to breach that level, as the prices hovered between $19,500 and $19,950. Now I am not sure whether the same will repeat with $50,000 level or not. After the 20K level, we didn't had any major resistance level to overcome until now. It will be interesting to know whether there will be a major resistance around 50K or not.

[passwordnow]

Here in Canada BTC is already at $59,175.   
To bad your To bad USD and Euros ,are lagging behind .. Lol.

USD and CAD have different valuation. And the explanation for that is while Bitcoin was $47,174, US dollars then the equivalent of it on Canadian Dollars is $59,904 which is a close price to what you've said. That's why you've seen it higher but that's not in USD but in CAD.

Sooner or later, it will break $50,000.

Without a doubt, we'll see that soon. I hope that what we're seeing right now on $45k-$46k is already the new support.

[bosede1]

This is a very good record from bitcoin hitting this much with all what is happening around the world that some countries are banning their citizen from involving in crypto and private crypto as they call it. This is really comforting to investors still holding passionately the coin

[FlightyPouch]

Been expecting this price and I am sure that it will not be the last time that we will be seeing another ATH. This year might be full of new ATHs with a lot of new active investors and traders. Higher demand because of new adoptions. I will not be so suepirsed if we reach a 6 digit price this year.

[zanezane]

The richest man in the world just 10% of his company balance sheet into Bitcoin to avoid loss of purchasing power to inflation, we're going so much higher!

Other companies are almost forced to follow suit on the presumption that Elon has made a smart move - He has.

There is a rumor (from what I've been told is a reliable source) Apple, Google & Oracle are next.

Selling here (or ever) is madness.

Elon did the right thing because sooner or later, other rich people are going to be ahead of him if he didn't purchase that bitcoin at that time and I am sure that more will follow his footstep on buying one. Your rumor is a little scary but I am willing to believe that it will go up but I can't have this rumor dispel the possibility that prices will go down because there is still volatility in bitcoin and I don't think risking a lot will be the best move for now, safest play is to hodl.

[maculeth]

at almost $ 50k, is bitcoin still worth mining? I mean to build a device for mining then mine bitcoin, is that still profitable?

[natalia stark]

Bitcoin and ether surpassed Monday’s price records. In ether’s case, CME’s futures launch has given the asset more credibility than ever before.

Bitcoin (BTC) trading around $47,174 as of 21:15 UTC (4:15 p.m. ET). Gaining 7.1% over the previous 24 hours.

References: https://www.coindesk.com/market-wrap-bitcoin-record-cme-ether-futures

yes it hits the given target but it is down to around 40k and maybe it will be dropping more to it previous price. But you can not say for sure because of the unstable market and unstable economies of the world leading countries. But the predictions have been made that bitcoin will make its price to high as 100k in 2021 because of the online trading and stockes liquidity.

but nothing is certain let see what happens ...............

[Innerpumper]

true it is very difficult to predict, when the first bitcoin ath in 2020 we saw at the end of the year and early 2021 bitcoin continued to rise, and a month later one of the richest people in the world musk came to bitcoin and is currently planning to build a project that spends a lot of money on tesla projects, up to hundreds of billions of dollars.

[repear7]

I think bitcoin will hit $100k in next year. It’s totally my opinion.

Demand of bitcoin increasing day by day. Recent big investment also effect in bitcoin market.

[kryptqnick]

Wow, this was a big increase! It's currently $45k, but this is still a pretty huge amount of money per coin, to be honest. I'm pretty sure this spike was triggered by the massive Tesla announcement. I'm really happy that Musk seems to have moved from a shady guy who's occasionally pro or against Bitcoin to a full-on supporter. He is fond of new tech, so I guess it's natural that he finally decided to take Bitcoin seriously. And I'm really happy that there's an intention to accept Bitcoin as payment specifically, so Bitcoin is not only an investment for him. Meanwhile, a friend of mine got a transaction stuck for more than a day because she paid the fee which was okay back then, but then the spike happened very soon... So the question of making small transactions possible is still very relevant.

[jrrsparkles]

The richest man in the world just 10% of his company balance sheet into Bitcoin to avoid loss of purchasing power to inflation, we're going so much higher!

Other companies are almost forced to follow suit on the presumption that Elon has made a smart move - He has.

There is a rumor (from what I've been told is a reliable source) Apple, Google & Oracle are next.

Selling here (or ever) is madness.

Nope its just 1% not 10%. Total networth of Elon Musk itself over 100B and they company said they are going to invest 1.5B in cryptocurrency for future usage.

[pinggoki]

I can't believe what I am seeing, bitcoin is currently pumping and pumping very high. This time bitcoin already break again the new ath which is $45,000 due to what Elon Musk do on buying an approximately 1.5b worth of bitcoin. I am clearly seeing that the bitcoin will eventually reaches around $60,000 to $70,000. I am hoping that it may reaches this price in order to set again a new record on the new all time high of the year. We really don't know what will happen on the next few days so let's just watch what would happen on it.