Bitcoin has surpassed the magical $50,?? ?? ??000 barrier.
It feels surreal, but then again, so it did when Bitcoin first hit $10,000 back in 2017 and $20,000 in 2020. The digital currency, often dismissed as a bubble, just keeps coming back.
Bitcoin's total market cap — the collective value of all the bitcoins in existence — is dangerously close to reaching 1 trillion dollars. It currently sits at more than $930 billion, according to cryptocurrency price tracking site CoinGecko.
Despite the constant price rise over the years, Bitcoin is still highly volatile. The price of one bitcoin briefly reached $50,689 on the popular exchange Binance, but it plummeted just as fast, and is sitting at around $49,500 at writing time.
Bitcoin has been particularly lively in the last week or so, ever since Tesla announced it invested $1.5 billion of its treasury money into Bitcoin. The price jumped by more than 20 percent on the announcement — from roughly $38,000 to more than $46,000 in a day — and it seems the bullish run isn't over yet.
This Tweet is currently unavailable. It might be loading or has been removed.
Another catalyst for the most recent price increase is likely MicroStrategy's announcement on Tuesday that it will offer $600 million worth of convertible senior notes, and that it "intends to use the net proceeds from the sale of the notes to acquire additional bitcoins."
MicroStrategy was one of the first major companies to invest heavily into Bitcoin; the company has invested more than a billion dollars so far, and its CEO, Michael Saylor, has often publicly expressed his opinion that holding BTC is superior, long term, to holding cash.
Disclosure: The author of this text owns, or has recently owned, a number of cryptocurrencies, including BTC and ETH.
Topics Bitcoin Cryptocurrency
San Diego JACL Gala to Mark 30th Anniversary of Civil Liberties Act
Amazon Fresh is $40 off for Prime Day: Use this promo code on orders $100+
Rules for blocking or going no contact after a breakup
HDMI 2.2 set to be announced at CES 2025
Obon Celebrations in Reedley, Sebastopol, Seaside, Sacramento
1 in 6 congresswomen are victims of AI
What happened at Biden's speech, translated via tweets
Ninja Foodi XL indoor grill is just $150 in Prime Day deal — save 40%
Jay Chen, Young Kim Among Candidates for Royce’s Congressional Seat
OpenAI makes ChatGPT Search available to everyone
State Senate Honors Vets
Get $200+ shopping credits ahead of Prime Day 2024
The best fitness tracker deals from Prime Day 2024
EA Sports' College Football '25 memes: The internet has jokes about the long
Janice Fukai Honored by Asian Youth Center
Best Dyson deal: Save $110 on Dyson Airwrap Special Edition
15 best Prime Day pet deals from a pro dog trainer
Amazon Fresh is $40 off for Prime Day: Use this promo code on orders $100+
National Veterans Network Awarded JA Confinement Sites Grant
NYT Strands hints, answers for December 15
Adele posts touching video after cancelling gig, proves she's the bestYes, Super Mario is hiding in a mustachioed strawberryIvanka Trump makes a small donation to Hillary Clinton without knowing itIt's Time to Reinvent the Digital PenMcDonald's recalls Happy Meal fitness trackerRedbooth is Apple TV's first enterprise appTrump’s cozy relationship with Breitbart gets even cozier with big hireBrutal laser tag saga tells of kids vs. grown ups in a Yelp reviewUber is suing London over coming regulations'Fixer Upper' winners are listing their homes on Airbnb, and HGTV stars want them to stop Watch John Lewis dance to 'Happy' at a Stacey Abrams campaign event This election night Photoshop battle imagines wild political agendas On election day, even astronauts in space get to cast their vote Donald Trump's ditched umbrella goes viral, sums up his presidency How a college meme group regained control after a hacker took it hostage Twitter will put election information in Donald Trump has an upsetting new nickname for Ted Cruz Student rolls her eyes behind politician during TV debate, goes super viral Let this husky playing in fallen leaves be the cure to your autumn blues I never want the hot dog sandwich debate to end
0.1771s , 9840.96875 kb
Copyright © 2025 Powered by 【?? ?? ??】Enter to watch online.Bitcoin blasts past $50,000,Global Perspective Monitoring
