Bitcoin Sets New All-Time High of $49.500

by in Cryptocurrency News

BTC new record of $49.500

On Valentine's Day Bitcoin's price hit $49500 surpassing its previous record of $48.000 reached on February 9. At the moment, the leading cryptocurrency trades at around $47.300.

Related: Bitcoin miners earned over $4 million in just an hour

Despite price ups and downs, the bullish trend continues for BTC. On February 8, Tesla Inc. announced investing $1.5 Billion into the coin. There is a high interest from the part of traditional finance.

On February 11, the oldest bank of America, BNY Mellon shared the plans on financing Bitcoin and other cryptocurrencies.
Well-known payment services such as Apple Pay, Venmo, and PayPal also talked about integrating Bitcoin into their networks.

Generally, most cryptocurrencies have been showing progress. On February 13, Ethereum (Ether) and Chainlink (Link) reached new all-time highs, reaching $1870 and $32 correspondingly.

During the last week, XRP price saw a 50% increase which brought the asset back to 4th place in terms of market cap. The total market cap of crypto assets now stands above $1.4 trillion with 61.2 % Bitcoin dominance.