Bitcoin (BTC) created another milestone on Tuesday when its price breached the $50,000 barrier. Bitcoin has now risen about 1,230% from a low of $3,803.58 on March 13, 2020 to a new all-time high at $50,622 on Tuesday.
This rally has been led by strong institutional demand that is showing no signs of stopping. MicroStrategy, meanwhile, said it plans to again raise $600 million through a sale of convertible notes, and the proceeds will be used to buy Bitcoin.
While institutional investors continue to buy, Glassnode data suggests that long-term Bitcoin investors are using this rally to book profits. Bitcoin miners who have also been major sellers during the recent bull run have held back in February, which suggests that they are likely expecting even higher levels in the future.
The current crypto rally has been led by Bitcoin, but altcoins are also seeing their own bull run. Let’s study the fundamentals and technicals of three tokens that have made a strong dash to the upside in the past few days.
The decentralized finance (DeFi) space has been on a tear for the past few months. So, when a project plans to enter the DeFi world, it is bound toTitle: Icon, Ravencoin and Lisk are riding the bull wave on possible future developments
Sourced From: cointelegraph.com/news/icon-ravencoin-and-lisk-are-riding-the-bull-wave-on-possible-future-developments
Published Date: Tue, 16 Feb 2021 19:00:00 +0000