Bitcoin broke above $ 17,000 …

Bitcoin broke above $ 17,000 …



Bitcoin breaks above $ 17,000, all-time highs are at hand

  • Bitcoin has overcome another key level

  • Bitcoin was last so high in January 2018

  • The total market capitalization of cryptocurrencies is up 4.29%

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The largest cryptocurrency by market capitalization surpasses another key level on its way to an all-time high of $ 20,000

Bitcoin broke above $ 17,000 ...

The first cryptocurrency crossed another psychologically significant $ 17,000 mark. At the time of writing, BTC / USDT is trading at $ 17,000 on the Coinbase exchange along with growing pressure from crypto sellers.

The crypto community believes that Bitcoin is set for long-term growth, although a short-term correction is possible from the $ 17,300 level. For a more detailed technical analysis of BTC / USD, read our article..

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The last time Bitcoin was at such heights back in January 2018, when the famous crypto rally took place. Bitcoin left to add 15% to historic high.


Institutionals are advancing

The total market capitalization of cryptocurrencies grew by 4.29% to $ 482.2 billion, while the capitalization of Bitcoin itself is $ 314.6 billion.

Bitcoin broke above $ 17,000 ...

Institutional trading chief analyst Matthew Mailey said in an interview with Bloomberg that institutional investors may “pay more attention to the cryptocurrency space,” as he has received several inquiries about this over the past week..

Learn how to trade on the cryptocurrency market with BeInCrypto partner – StormGain cryptocurrency exchange

The leading cryptocurrency is approaching an all-time high a few weeks after one of the leading American financial companies Fidelity announced the expansion of its Fidelity Digital Assets division in Asia. At the time, Chris Tyrer, head of Fidelity Digital Assets Europe, said in the Asian market “there is an urgent need for platforms that have a deep understanding of what local and regional investors are looking for [what] has historically been lacking in the digital asset space.”.

What are the main ways to use bitcoin in the future according to Fidelity – read the special material BeInCrypto.

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