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Technology Cryptocurrencies. Bitcoin exceeds $ 50,000 for the first time

16:25  16 february  2021
16:25  16 february  2021 Source:   ouest-france.fr

Storming the Capitol drives Bitcoin price - 40,000 dollar mark broken for the first time

 Storming the Capitol drives Bitcoin price - 40,000 dollar mark broken for the first time Bitcoin has passed the 40,000 US dollar mark for the first time. The cryptocurrency is thus continuing its rapid upward trend. And the storm on the Capitol is also to blame. © REDPIXEL.PL / Shutterstock Bitcoin course - the $ 40,000 mark has been broken. The rush for digital currencies like Bitcoin and Ethereum continues.

Le bitcoin est une cryptomonnaie. © Photo: Dado Ruvic / Reuters Bitcoin is a cryptocurrency.

Bitcoin's value rose to $ 50,547.70 on Tuesday, its all-time high.

The price of bitcoin crossed the $ 50,000 threshold on Tuesday February 16, 2021, a first for the cryptocurrency which continues to break records, galvanized by the interest of large banks and companies like Tesla .

At around 1:35 p.m., bitcoin rose to an all-time high of $ 50,547.70.

It then fell back to cost around 13:55 GMT $ 49,505.35, up 2.7% on the session and more than 70% since the start of the year.

The value of bitcoin has quintupled in one year

After a dizzying performance in 2020, bitcoin has seen its value quintupled in the past year.

Mark Cuban compares cryptocurrencies with Dot.com bubble - but Bitcoin will flourish

 Mark Cuban compares cryptocurrencies with Dot.com bubble - but Bitcoin will flourish For self-made billionaire and TV star Mark Cuban, cryptocurrencies are just like the Dot.com bubble. But he is also convinced that there are some cyber currencies that will ultimately survive. © Provided by Finances.net Thomas Lohnes / Getty Images • Mark Cuban: Cryptocurrencies are like Dot.com bubble • Only supply and demand • Some cyber currencies would continue to flourish The Bitcoin has in the last It has had an incredible rally for months and more than tripled its course in the past year

But if some market observers are wary of the volatility of this decentralized market which is not based on any assets, others believe that the situation is very different from 2017, when prices had climbed with the same enthusiasm before falling. crash in early 2018.

"A growing interest in the business community in cryptocurrencies has transformed the market compared to 2017" , comments Neil Wilson, analyst at Markets.com.

Last week, electric automaker Tesla surprised by announcing that it had invested $ 1.5 billion of its cash in bitcoin.

Tesla boss and richest man in the world, Elon Musk, isn't shy about bragging about cryptocurrency on social media.

Traditional banking groups are now interested in bitcoin

Tuesday, the MicroStrategy group, a medium-sized American software publisher who made the bet at the end of 2020 to invest massively in bitcoin, to allow Wall Street investors to bet on cryptocurrency by buying their stock, announced a fundraising of $ 600 million "to buy bitcoins" .

In addition, banking and financial groups are increasingly interested in bitcoin: the oldest bank on Wall Street BNY Mellon and MasterCard took over last week from the giant BlackRock or the payment service Paypal, which all announced new cryptocurrency projects in recent months.

The cryptocurrency market is not unanimous, however: several central bankers, such as Andrew Bailey in the United Kingdom, have dismissed the idea of ​​considering bitcoin as a currency in its own right, or even as an "digital gold" which would serve to conserve wealth.

Bitcoin's market value tops $1 trillion .
The trillion-dollar market value club has a new member: bitcoin. The total number of bitcoins trading are now collectively worth more than $1 trillion. © Ozan Kose/AFP/Getty Images This photograph taken on September 24, 2020 shows a physical imitation of a Bitcoin at a crypto currency "Bitcoin Change" shop, near Grand Bazaar, in Istanbul. (Photo by Ozan Kose/AFP/Getty Images) That's because the price of a bitcoin hit a number of new all-time highs Friday. One bitcoin currently costs around $55,000 -- and there are about 18.6 million bitcoins in circulation according to Coinbase.

usr: 0
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