Why Bitcoin Is Crossing $60K Again

Benzinga2021-04-12

Bitcoin has crossed the $60,000 mark again, as experts point to a supply shortage.

The world's top cryptocurrency crossed the $60,000 mark today and on Saturday, according toCoinMarketCapdata, reaching a high of $60,741 on Saturday.
Bitcoin was recently left on the sidelines as investors concentrated their attention on the stock market, a sales manager at Hong Kong digital asset company Diginex Justin d’Anethan toldReuters.
"That changed just yesterday when we pierced through 60K. With miners not selling recently minted coins, on-exchange reserves hitting multi-year lows and an incessant stream of corporates, funds, large and small investors piling into BTC, we punched through," d’Anethan said.
Bitcoin is up 116% from this year's low of $27,734 on Jan 4.
The coin reached its all-time high of over $60,000 on March 13 with a record price of $61,781, reported on crypto exchange Bitstamp, presumably connected to the United States president signing a $1.9 trillion fiscal stimulus package.
Bitcoin was trading above $59,700 at publication time.

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Comments

SimonGoh
2021-04-12
SimonGoh
...
vinzs
2021-04-12
vinzs
[財迷]
Loolala
2021-04-12
Loolala
Altcoins here we go!
Bodoh
2021-04-12
Bodoh
Why not? And why will it drop again to $3k?And why not?
Kayabunz
2021-04-12
Kayabunz
Wowz
Ahmeng
2021-04-12
Ahmeng
Let’s go higher

Leave a comment

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And why will it drop again to $3k?And why not?","listText":"Why not? And why will it drop again to $3k?And why not?","text":"Why not? And why will it drop again to $3k?And why not?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/342249698","repostId":1178871314,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":342256842,"gmtCreate":1618224922886,"gmtModify":1704707727810,"author":{"id":"3578558472894517","authorId":"3578558472894517","name":"Kayabunz","avatar":"https://static.tigerbbs.com/f55b83d8dfc7c9f14a1d8b86e9727914","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578558472894517","authorIdStr":"3578558472894517"},"htmlText":"Wowz","listText":"Wowz","text":"Wowz","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/342256842","repostId":1178871314,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":342251222,"gmtCreate":1618224792466,"gmtModify":1704707724740,"author":{"id":"3579171906103123","authorId":"3579171906103123","name":"Ahmeng","avatar":"https://static.tigerbbs.com/3e231d1be45d5ddee0539ae6043441f3","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3579171906103123","authorIdStr":"3579171906103123"},"htmlText":"Let’s go higher","listText":"Let’s go higher","text":"Let’s go higher","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/342251222","repostId":1178871314,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":40,"commentSize":34,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1178871314"}