bitcoin price
Bitcoin price hits $50K after bullish outlook from Citigroup and Goldman Sachs
published: 49 minutes ago
Bullish maneuvers from MicroStrategy, Goldman Sachs and Citigroup are just a few of the factors backing Bitcoin's rally back to $50,000.
smart summary beta
The Bitcoin price is now steady above $54.3k. For instance, in the last two weeks, the Bitcoin price has been on an absolute tear, defying gravity and breaking above the $50k level for the first time in 2021. The coin’s market price has more than doubled after breaching 2017 highs of $2019. Considering the more than tripling of BTC prices from early May 2020, most miners are in, nonetheless, in blue. In H2 2020, Square said allocated $50 million of its cash reserves to Bitcoin as a cushion against possible consumer price expansion.
