June 25, 2021

Bitcoin Price Breaks $48,000 Setting New All-Time High

2 min read

Bitcoin has actually painted yet another record, breaking the previous all-time high and setting a new one at around $48,480. This comes right after Mastercard announced they would potentially integrate cryptocurrencies in their network and the United States earliest bank, BnY Mellon, revealing they would hold, move, and concern BTC and other cryptocurrencies on behalf of their asset-management clients.

  • Bitcoin’s rate just painted a fresh all-time high, exceeding the previous record. At the time of this writing, the ATH sits at $48.481 on Bitstamp.
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  • BTC/USD, Bitstamp. Source: TradingView With this, bitcoin’s price is now considering the sought after $50K target.
  • This is available in an impressive green candle, which covers through an intraday low of $44,040 to the current price.
  • It’s likewise intriguing to keep in mind that the relocation comes simply as Mastercard, among the biggest payment processing business on the planet, revealed they would possibly incorporate cryptocurrencies in their network at some point this year.
  • With this move, Mastercard ends up being the most recent payment processing giant to do this following Visa’s relocation earlier in the year.
  • At the same time, other bullish news came from the oldest bank in the United States – – BNY Mellon.
  • The institution revealed that it would hold, transfer, and issue bitcoin and other cryptocurrencies on behalf of its asset-management clients.
  • In basic, the previous 24 hours saw around $630 million positions being liquidated across the biggest exchanges.
  • The most significant single liquidation order occurred on BitMEX. It was a bitcoin position with a stated value of $8.19 million.