Bitcoin is Expected to have New Rally Amid New US Stimulus and Institutional Investment
Bitcoin is expected to have a new price rally as the US Senate passes a new $1.9 trillion stimulus bill and more institutional investment in the coin is coming.
Bitcoin is expected to have a new price rally as the US Senate passes a new $1.9 trillion stimulus bill and more institutional investment in the coin is coming.
The Bitcoin price remains in range mode, backed by solid fundamentals and bulls confident of more upsides in the coming days.
Bitcoin price has recovered from its lowest $43,000 levels in the last three weeks. According to CoinMarketCap, the price of Bitcoin extended its decline below the $45,000 support level on late Sunday, February 28, to $43,261, which was the lowest in the last three weeks.
After the turbulence of the first half of the week, the Bitcoin price is stable, attempting to shake off bears and re-instill confidence in buyers.
According to Coingecko, the last 24-hour high of Bitcoin is $58,640, which was nearly equal to the last week’s Gold high of $58,754.
The Bitcoin price is steady at the time of writing on Feb 19. The world’s most valuable digital asset is now trading above $51k, after blasting
Bitcoin has again proved its resilient nature as the largest cryptocurrency by market cap has recently registered a fresh all-time-high (ATH) of $49,700 on Tuesday, February 16, morning.
The Bitcoin price leads the performance chart, steady above $46k after a recoiling on the last few days. Behind this surge is news of Elon Musk’s
The Bitcoin price continues to track higher, rewinding losses from $30k, breaking above $35k, and may surge past $40k if bulls add to their longs.
Bitcoin continues to impress the masses as more and more good news for Bitcoin is appearing in the media. The recent %400 price increase has resulted in a lot of attraction towards the largest crypto asset by market cap.
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