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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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment34

  • SimonGoh
    ·2021-04-12
    ...
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  • vinzs
    ·2021-04-12
    [財迷] 
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  • Loolala
    ·2021-04-12
    Altcoins here we go!
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  • Bodoh
    ·2021-04-12
    Why not? And why will it drop again to $3k?And why not?
    Reply
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  • Kayabunz
    ·2021-04-12
    Wowz
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  • Ahmeng
    ·2021-04-12
    Let’s go higher
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  • 707e5f64
    ·2021-04-12
    Wow
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  • 707e5f64
    ·2021-04-12
    Wow
    Reply
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  • Tazjonz
    ·2021-04-12
    Hmm etf & bitcoins 
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  • Renjie000
    ·2021-04-12
    Like and comment, thanks
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    • Ivanhojh
      Comment back pls
      2021-04-12
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  • KGTAN
    ·2021-04-12
    To the moon!
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  • MightyPooP
    ·2021-04-12
    Like and comment pls
    Reply
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    • KGTAN
      Ok liked
      2021-04-12
      Reply
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  • pam07
    ·2021-04-12
    Up
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  • toonwk
    ·2021-04-12
    New era of money
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  • alan_01
    ·2021-04-12
    Block chain is the future currency 
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  • nxw
    ·2021-04-12
    Omg again
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  • sharenraj
    ·2021-04-12
    Very informative 
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  • Zsz
    ·2021-04-12
    Please like and comment
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    • jastsm
      Hi! Please reply to mine :)
      2021-04-12
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    • fongj
      Going up
      2021-04-12
      Reply
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  • chiew
    ·2021-04-12
    More..
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  • Damon_6050
    ·2021-04-12
    To the moon 
    Reply
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