Breaking: Bitcoin price cracks $50,000 for the first time ever, aims for $1 trillion market capitalization

Bitcoin price has just hit $50,689 on Binance and sliced through $50,000 across all exchanges.
The flagship cryptocurrency faces practically no resistance ahead.
The total market capitalization of BTC has reached $920 billion and inches closer to the $1 trillion mark.

FXStreet Team FXStreet

Bitcoin price just passed $50,000 but needs to sustain the move above it and establish a strong support area around this level. In our most recent analysis, we discussed how all Bitcoin addresses are in profit and BTC is currently in price discovery mode.

BTC/USD 15-minute chart

Bitcoin price will need an hourly close above $50,000, and optimally a daily close for the bulls to be confident in the recent breakout.

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FXStreet Team

FXStreet

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