MarketsMarketsMarkets

Bitcoin Sets Fresh Record Above $50K Pushing Yearly Gains to 69%

Bitcoin Sets Fresh Record Above $50K Pushing Yearly Gains to 69%

Bitcoin Sets Fresh Record Above $50K Pushing Yearly Gains to 69%

Bitcoin reached a new all-time high of $50,001.35 Tuesday morning, just days after breaking above $48,000.

Bitcoin reached a new all-time high of $50,001.35 Tuesday morning, just days after breaking above $48,000.

Bitcoin reached a new all-time high of $50,001.35 Tuesday morning, just days after breaking above $48,000.

Feb 16, 2021, 12:30 PM

Updated Aug 19, 2021, 7:16 AM

Election 2024 coverage presented by

Stand with crypto

Bitcoin reached a new all-time high of $50,001.35 Tuesday morning, just days after breaking above $48,000 for the first time.

The cryptocurrency's latest pop pushes 2021 gains to 69%.
Over $400 million in bitcoin futures have been liquidated over the past 24 hours, according to Bybt, with BTC rallying more than 5% over the same period.
Bitcoin futures contracts on the Chicago Mercantile Exchange hit a high of $50,500.
Bitcoin's latest record high follows a flurry of institutional and corporate interest in the leading cryptocurrency.
Last Monday, Te s la bought $1.5 billion worth of bitcoin, which saw the digital asset's price spike by almost $4,000, according to CoinDesk's price index.
Additionally, in just the past week, Twitter's CFO said the company is considering investing in bitcoin, BNY Mellon announced plans to custody cryptocurrency for its clients and PayPal confirmed its plans to add crypto to its Venmo product.
The overall crypto market broke $1.5 trillion for the first time on Monday.

See also: Institutions Not Worried About Bitcoin Dropping Below $40K, Options Data Shows

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

Read more about

Bitcoin Price Index Bitcoin Markets Glassnode