Edited by: Zhang YangyunBitcoin has crossed another milestone, breaking the $50000 mark for the first time.Image source: Photography NetworkAccording to real-time data seen on Wall Street, Bitcoin hit a peak of $50448 on the 16th, with a market value of $940 billion, before falling in price
Edited by: Zhang Yangyun
Bitcoin has crossed another milestone, breaking the $50000 mark for the first time.
Image source: Photography Network
According to real-time data seen on Wall Street, Bitcoin hit a peak of $50448 on the 16th, with a market value of $940 billion, before falling in price. As of 9:46 on the 17th, Bitcoin was priced at $49358.3 per coin.
According to data from Bitcoin Home Network, a total of 67492 people sold out their digital currencies 24 hours a day, resulting in over 3.5 billion yuan of funds being "wiped out". Among them, Bitcoin's exposure exceeded 2.3 billion RMB.
In terms of market value, Bitcoin currently ranks 6th on the global list of listed companies, surpassing Tencent Holdings in terms of total market value. As of press release, the current market value of Tencent Holdings is $912 billion, and the total market value of Bitcoin is $916.8 billion.
Several key data points reveal the driving force behind Bitcoin prices hitting historic highs.
DeFi lockdown volume and market value trend chart:
The recent ratio of long to short positions in Bitcoin:
Bitcoin two-year MA multiplier indicator:
Trend chart of grayscale trust position changes:
The holdings of Grayscale Bitcoin Trust represent the number of BTCs held in the BTC Trust Fund issued by Grayscale Trust. As the first Cryptocurrency investment tool reported to the SEC, the position of gray trust reflects the capital magnitude of traditional institutional funds entering Cryptocurrency to some extent.
Source: Daily Economic News Comprehensive From Wall Street Insights, Bitcoin Home Network
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Daily Economic News
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