Analysis

The first cryptocurrency continues to update historical highs: on the night of February 18, bitcoin reached a new record of $ 52.6 thousand. Bitcoin's market capitalization is at around $969 billion, with 59.6% market dominance.

On February 8, Elon Musk invested $1.5 billion in bitcoin through Tesla, making the largest purchase of bitcoins among companies. Against this background, the bitcoin rate updated its historical maximum: for the first time, quotes exceeded $44,000, breaking the previous record of $41,950. 

For the second week in a row, the crypto community is talking about the founder of SpaceX because of his market manipulation. On February 1, the main cryptocurrency rose by $800 after an interview with Elon Musk.

The price of bitcoin for the fourth time in December updated its absolute maximum – on December 25, a record high of $ 24,500 was reached. Altcoins also revived a little.

This week, bitcoin gradually reached new heights: on December 16, the maximum mark of $20,800 was recorded on the Bitstamp exchange, and on December 17, bitcoin reached a new all-time high of $23,000.

This week was marked by a change of "bullish" sentiment to "bearish".On December 9, the bitcoin rate fell by 5% per day and was trading at $18,300, the daily minimum was at around $17,640. Other top cryptocurrencies also appeared in the red zone. Perhaps the reason for the fall was the significant volumes of BTC on the exchanges that put up the whales for sale.

On December 1, the launch of the zero phase of ETH 2.0 took place. The amount necessary for the launch was collected a week before the official event.

On November 24, the price of bitcoin reached $19,000 on the Binance exchange. Only $1,000 remained before the all-time high. Why is there such a rapid growth?

On the night of November 18, Bitcoin continued to grow, reaching a new record this year of $18,483. At the same time, the capitalization of the first cryptocurrency reached a historical maximum of $341.95 billion.