Skip to main content

Bitcoin trades above 50k for the first time since 2021

Bitcoin has just now risen above 50,000 for the first time this year and for the first time since 2021. The high print I can see here has been at 50,056. The move higher now brings the next level into question. That was mentioned a little earlier and is above 56k. There is room for some profit-taking though from here and once again I am also keeping an eye on US yields and the Nasdaq 100, to see if there are any cross related clues as to where BTC might trade from here, ahead of the wider market close tonight. Bitcoin has in fact already backed off a bit now, currently trading at 49,945

Ready to Get Started?

Start here. Join 2.9M Libertex users around the world!