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

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 price

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

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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