Bitcoin price exceeded $50 thousand for the first time in two years
13.02.24
On Monday, February 12, the Bitcoin cryptocurrency for the first time in more than two years reached a value of $50 thousand.
However, selling pressure on exchanges stopped further growth. Bitcoin spot exchange-traded funds (ETFs) conducted significant trading volumes in the US market, causing the price of Bitcoin quickly grew from $48 thousand to $50 thousand.
The CD20 index of the largest cryptocurrencies gained 1.72% in 24 hours. However, after the Bitcoin price reached $50,301, a price correction began. Spot sell orders on cryptocurrency exchanges Binance and Coinbase overcame buying pressure and stopped the uptrend, at least temporarily.
Order data from Binance shows a sell order of 800 BTC ($40 million) at $50,000, while Coinbase recorded a sell order of 330 BTC, indicating significant profit taking at that level.
In general, Bitcoin reached in December 2023 new high for 2023increasing 1.42% to $37,862 on the day and 3.9% for the full week.
Don't miss interesting news
Subscribe to our channels and read announcements of high-tech news, tes
Oppo A6 Pro smartphone review: ambitious
0 
Creating new mid-range smartphones is no easy task. Manufacturers have to balance performance, camera capabilities, displays, and the overall cost impact of each component. How the new Oppo A6 Pro balances these factors is discussed in our review.
Oppo Reno16 Pro 5G smartphone review: well-heeled
0 
Oppo Reno16 Pro 5G looks like a balanced smartphone, in which the manufacturer tried not to make a single characteristic the defining one. It has many advantages. Let’s tell you what
Huawei Readies Slimmer Watch D3 and New FreeBuds Neo
Huawei has teased the Watch D3 smartwatch with blood pressure monitoring and the new FreeBuds Neo earbuds. The official announcement is scheduled for September 2.
Made in Germany: Does the Gigaset GS6 Pro Live Up to the Hype?
The Gigaset GS6 Pro bets on German engineering and repairability. We explore what this status really means and whether it holds up against the competition.