{"id":456551,"date":"2021-02-11T21:00:34","date_gmt":"2021-02-11T21:00:34","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=456551"},"modified":"2024-06-11T14:13:18","modified_gmt":"2024-06-11T14:13:18","slug":"bitcoin-just-set-a-new-all-time-high-here-are-what-analysts-are-saying","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/bitcoin-just-set-a-new-all-time-high-here-are-what-analysts-are-saying\/","title":{"rendered":"Bitcoin Just Set a New All-Time High\u2014Here Are What Analysts Are Saying"},"content":{"rendered":"

Bitcoin<\/a> just set a new all-time high at $48,600 on top exchanges just days after setting its previous high of $48,300 on Coinbase. The cryptocurrency is up 8% in the past 24 hours, outperforming the stock market, though Bitcoin is underperforming some of its stock market peers.<\/p>\n

The rally comes as Tesla has confirmed that it owns over $1.5 billion worth of Bitcoin to help hedge its balance sheet and to provide liquidity for its upcoming plan to accept BTC for payments of vehicles.<\/p>\n

Related Reading: Wall Street Veteran Kickstarts Own Bitcoin Fund With $25m Investment<\/a><\/h6>\n

Bitcoin Pushes to New All-Time Highs<\/strong><\/h2>\n

Some are attributing Bitcoin’s ongoing move to recent events of adoption for the cryptocurrency.<\/p>\n

The Twitter account for “Zerohedge” noted that both Mastercard and BNY Mellon, the latter of which is a famous bank, adopted Bitcoin and cryptocurrencies to some extent today.<\/p>\n

Mastercard announced that it will let merchants accept payments made in cryptocurrency later this year, while BNY Mellon revealed its intent to launch crypto custody and other white-glove services for institutional players.<\/p>\n

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Mastercard up 2% on bitcoin adoption
BNY Mellon up 2% on bitcoin adoption<\/p>\n

But don't worry, no more companies will be tempted to do the same<\/p>\n

— zerohedge (@zerohedge) February 11, 2021<\/a><\/p><\/blockquote>\n