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Bitcoin Hits $50,000, A New Historic Milestone For BTC Price

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Chart : bitcoin price in USD (Since January 2009 -2020
Image by Ster3oPro

Bitcoin has achieved $50,000 amid bullish news, institutional adoption and major companies like MicroStrategy adding to their BTC allocations.

Bitcoin (BTC) surged to new all-time highs on Feb. 16 following a week of bullish news including Tesla accepting BTC and MicroStrategy planning to raise another $600 million to buy Bitcoin.

Data from Cointelegraph Markets and TradingView showed BTC/USD climb over 5% in hours on Tuesday days after BNY Mellon confirmed that it would store crypto for asset management clients and rumors also swirled around Morgan Stanley

To read more visit CoinTelegraph.

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