author: Witold Ciemierz
Bitcoin Goes Over $50k
BTC has crossed the $50,000 barrier for the first time, achiving a new record. Companies such as Tesla and BNY Mellon, which are increasingly showing interest in this market, may have significantly contributed to this situation.
- Bitcoin was worth more than $50,000 at peak moment on Feb. 16 and is above $51,000 even now;
- The cryptocurrency bull market persists;
- Several giants such as Tesla, Uber and BNY Mellon are showing increasing interest in cryptocurrencies.
The current week will probably be remembered as the next milestone in the world of cryptocurrencies, as on February 16, 2021, the price of BTC crossed the $50,000 mark for the first time ever, briefly reaching $50,523. This situation is another demonstration of the extremely strong trend that prevails in this market. Currently the value of Bitcoin, after a momentary drop, is above 51,000 USD.
Undoubtedly, several of the biggest American companies have their share in the recent increases, as they look more and more favourably at digital assets, such as cryptocurrencies. Last week the world saw the surprising news about a gigantic investment made by Tesla, owned by Elon Musk, which invested 1.5 billion dollars in Bitcoin. Mastercard and Uber also showed interest in the topic, as they are considering introducing cryptocurrency payments to their offer.
An event worth noting is also the announcement by the oldest US bank to open up to digital assets. BNY Mellon made it public last Thursday that it will also make its resources available to handle cryptocurrencies, meaning that it will take care of their storage, transfers, as well as the administration of its clients' wallets, among other things. This is undoubtedly a landmark moment, as the said bank is one of the most prestigious depositories around the world. All the events of the last few weeks may give the impression that the crypto market is now as strong as ever, while raising hopes among cryptocurrency holders for further increases.