Bitcoin price increased 20% during the day, the Altcoin market was also filled with green
The cryptocurrency market has had a day of rapid growth, with Bitcoin price rising to an all-time high of nearly $ 47,000, bringing the market cap above $ 800 billion. At press time, BTC is trading around $ 46,258, up 20% over the past 24 hours, recording a 35% return over the past seven days.
BTC/USD 4-hour chart | Source: TradingView
Bitcoin price today surged to almost $ 47,000, surpassing an all-time high in the past 24 hours
Statistics data shows that, in the last 24 hours, Bitcoin’s price traded as low as $ 38,036 and highest at $ 47,369. According to CoinMarketCap, Bitcoin transaction volume over the past 24 hours was $ 101.4 billion, market cap was recorded at $ 860.4 billion.
According to experts, Bitcoin’s price increased to a record high in the past 24 hours due to Tesla’s announcement of spending $ 1.5 billion to buy this top cryptocurrency.
Accordingly, in a filing with the US Securities and Exchange Commission (SEC), Tesla said buying Bitcoin to diversify and maximize profits from cash. Tesla also said it will start accepting Bitcoin payments and this will make Tesla the first major automaker to accept payments in cryptocurrency.
Earlier, Tesla’s boss, billionaire Elon Musk, posted messages encouraging more people to invest in cryptocurrencies, including Bitcoin and Dogecoin. These moves made Bitcoin soar in the last 2 weeks.
Bitcoin soared with many top virtual currencies. Specifically, Ethereum increased 7.8%, Cardano increased 6%, Polkadot increased 15.5%, XRP increased 7.4%, Binance Coin increased 16.5% …
The total market cap recorded at $ 1,351 billion, trading volume over the past 24 hours reached $ 211.3 billion.
You can see the BTC price here.
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- Former Head Of Directorate Of The Central Bank Of Nigeria: $500 Million Worth Of Bitcoin Has Been Traded In Nigeria Within The Last Five Years
- Tesla Bought $1.5 Billion In Bitcoin, BTC Price Hits $44.5K All-Time High