

Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$103,607.00
4.44%$2,298.85
20.18%$2.33
6.88%$632.15
3.03%$164.99
9.11%$0.999974
0.00%$0.203704
11.95%$0.782066
10.39%$0.255677
2.31%$2,302.59
20.47%$4.01
9.63%$103,582.00
4.50%$15.92
8.94%$22.76
9.62%$2,755.91
20.23%$0.295855
9.34%$0.00001464
9.65%$422.46
0.71%$0.198457
7.57%$24.57
12.65%$8.87
0.69%$3.27
4.91%$0.999946
0.00%$97.12
5.11%$4.58
8.20%$2,308.89
20.66%$301.04
6.11%$2,448.98
20.10%$0.764901
22.15%$4.52
5.10%$1.00
0.01%$0.00001164
31.74%$103,874.00
4.66%$1.001
0.07%$30.41
6.14%$446.21
11.73%$6.44
24.77%$5.65
12.34%$2.85
17.44%$1.015
10.05%$53.33
3.65%$211.03
13.19%$1.051
0.02%$1.00
0.00%$0.100012
4.52%$18.87
10.13%$5.33
11.52%$13.92
15.21%$0.102338
6.66%$21.63
1.66%$33.10
10.82%$0.773673
5.89%$0.02934068
11.92%$4.90
9.05%$0.253583
12.09%$0.381754
26.88%$1.002
0.15%$4.68
8.66%$103,525.00
4.62%$0.798708
9.65%$1.17
0.18%$2.99
9.95%$0.230786
9.95%$0.596129
9.65%$4.36
0.43%$0.373911
13.74%$2.76
8.78%$4.44
5.95%$0.00002047
10.85%$1.12
13.80%$1.001
0.30%$0.977133
5.63%$0.512892
15.08%$1,746.77
10.23%$2.15
38.47%$2,302.56
20.36%$11.10
2.38%$95.19
2.10%$174.17
9.93%$1.33
21.70%$2,401.64
20.53%$0.01991447
1.44%$0.853063
2.95%$4.72
17.76%$1.28
0.43%$0.735525
17.49%$0.236784
13.45%$0.075653
1.79%$0.648625
11.82%$103,460.00
4.56%$11.63
14.19%$1.00
-0.01%$2,613.24
20.50%$0.779168
8.41%$0.106108
9.72%$0.01541015
16.69%$0.00009579
16.79%$632.61
2.99%$0.999836
-0.04%$1.011
20.27%$0.01867391
12.57%$0.999767
-0.01%$213.18
9.10%$2,448.47
20.26%$0.868326
12.73%$183.09
9.23%$14.81
1.03%$104,212.00
4.95%$0.01890016
16.90%$2.86
8.55%$3,328.83
-0.27%$104,710.00
4.90%$0.808647
11.19%$40.72
5.45%$0.325943
12.90%$102,778.00
5.76%$3,330.19
-0.33%$0.081667
32.03%$0.631852
4.57%$0.999882
-0.02%$0.238045
8.86%$22.79
18.77%$0.00000076
6.01%$2.31
7.94%$2,416.05
20.71%$4.02
6.91%$0.121108
6.56%$0.709074
14.23%$42.06
4.06%$0.423067
9.41%$0.997902
-0.02%$1.97
15.59%$0.700354
23.35%$2,412.12
20.67%$0.33963
8.92%$0.60786
7.37%$0.01878572
6.95%$0.999166
0.05%$0.768953
13.44%$3.75
10.27%$0.01037279
17.94%$1.10
-0.55%$0.159425
12.26%$0.00604491
3.45%$19.32
19.49%$8.27
14.22%$0.456974
10.64%$110.98
0.01%$103,617.00
4.47%$0.480395
7.25%$0.204045
12.23%$0.664001
12.91%$0.202133
9.59%$0.16205
18.28%$1.44
9.75%$1.00
0.15%$0.509424
7.84%$2,439.49
19.72%$4.14
25.09%$2,303.78
20.35%$103,586.00
5.15%$2,293.95
19.78%$0.608331
17.05%$0.998564
-0.12%$0.067492
1.63%$2,293.57
20.02%$101,241.00
4.29%$0.00002362
6.56%$2,305.44
18.58%$0.00875957
11.52%$0.999995
-0.00%$1.66
5.88%$1.82
12.50%$2.80
12.40%$6.39
7.68%$0.087421
15.38%$0.177555
9.34%$0.095457
13.21%$0.04547485
10.01%$0.00629979
12.90%$0.00000044
3.01%$2,309.10
20.68%$1.017
1.47%$0.63746
22.74%$0.253077
11.78%$1.088
0.20%$0.155021
2.74%$0.00000106
16.64%$1.55
11.09%$44.82
10.45%$0.36152
25.54%$0.412412
8.11%$0.840494
21.25%$2,281.57
19.83%$33.34
-0.32%$0.00434273
5.56%$0.03693466
5.63%$0.374134
1.76%$0.018699
3.78%$0.0000655
7.14%$1.004
0.32%$21.62
0.56%$0.844295
7.67%$0.350584
14.38%$1.001
0.01%$0.173913
-0.65%$1.44
0.60%$128.69
12.75%$0.00331108
10.62%$2,433.44
20.20%$1.22
41.39%$0.733074
5.46%$103,646.00
4.50%$0.999997
-0.01%$2.92
13.68%$22.78
9.74%$3.94
36.11%$1.00
-0.04%$24.86
13.94%$1.00
-0.03%$104,021.00
5.00%$0.226305
12.84%$0.253681
10.41%$2,524.82
20.13%$0.00000151
0.15%$0.53196
-6.79%$2,514.87
20.67%$0.03545191
8.57%$0.00339987
14.78%$1.099
-0.01%$0.29057
72.83%$3.57
8.24%$2,304.15
20.38%$24.85
13.89%$23.67
6.73%$1.00
-0.01%$2,478.16
20.18%$17.40
12.73%$0.284416
8.11%$0.569778
6.82%$3,327.02
-1.03%$2,298.73
20.86%$0.00369442
11.21%$2,082.34
4.48%$0.793459
18.25%$0.03868284
5.66%$0.01377632
9.74%$104,958.00
5.85%Reading
Bitcoin set a new all-time high this morning after breaking the $50,000 barrier on Tuesday night, data from markets tool CoinGecko shows.
The asset saw a record price of $51,421 after a sudden surge from the $49,000 price level last night. It had earlier set a high price in the $50,450 region on Tuesday—a move that quickly retraced within minutes at the time.
But one key indicator is back on the right side for Bitcoin bulls, according to Cryptoquant CEO Ki Young Ju. Yesterday he noted that there was a negative premium on Coinbase, meaning prices were lower there than in the rest of the market. He argued that this would need to change for the cryptocurrency to rise further.
Today, Ju pointed out that the premium has returned, showing a strong desire for Bitcoin by Coinbase's institutional traders. "$BTC Coinbase Premium looks good after breaking 50k. We can go higher now," he tweeted.
As the below image shows, Bitcoin remains in a firm uptrend and trades above its 34-period moving average—a popular tool that computes the average traded price of a certain asset and is used by traders to determine the market trend. Furthermore, the current price is unprecedented, and there is no “resistance” level, or a price where sellers are known to sell their holdings.
The move comes a day after business analytics firm MicroStrategy announced it would sell $600 million worth of convertible notes in an upcoming offering and use the proceeds to buy Bitcoin. Such a purchase would add to its big warchest of 71,079 BTC (valued at $3.7 billion at press time).
Meanwhile, the euphoria runs high among crypto circles. Some industry participants say that institutions getting involved in the Bitcoin space mean a better long-term fundamentals for the volatile asset.
“Institutions aim for long-term deals, which acts as a preventive measure, protecting Bitcoin from crashing in a manner similar to what we saw in 2018,” said Konstantin Anissimov, executive director at Bitcoin exchange CEX.io, in a note to Decrypt.
But as is with all markets, the music can always stop. For now, however, Bitcoin continues to enter uncharted territory.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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