Why Bitcoin Is Crossing $60K Again

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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.

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Comment（34）

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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1
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Bodoh
·2021-04-12
Why not? And why will it drop again to $3k?And why not?
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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
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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
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2
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- KGTAN:
  Ok liked
  2021-04-12
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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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3
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- jastsm:
  Hi! Please reply to mine :)
  2021-04-12
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- fongj:
  Going up
  2021-04-12
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chiew
·2021-04-12
More..
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Damon_6050
·2021-04-12
To the moon
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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},"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":2,"crmLevelSwitch":0},"htmlText":"Let’s go higher","listText":"Let’s go higher","text":"Let’s go 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etf &amp; bitcoins&nbsp;","listText":"Hmm etf &amp; bitcoins&nbsp;","text":"Hmm etf & bitcoins","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/342250495","repostId":1178871314,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":342224345,"gmtCreate":1618224058787,"gmtModify":1704707717761,"author":{"id":"3574766229484557","authorId":"3574766229484557","name":"Renjie000","avatar":"https://static.tigerbbs.com/84fa815b86b11865929102f0b8117fdb","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like and comment, thanks","listText":"Like and comment, thanks","text":"Like and comment, thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/342224345","repostId":1178871314,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4015579,"gmtCreate":1618227603980,"gmtModify":1680783753474,"authorId":3575241823069388,"author":{"id":3575241823069388,"authorId":3575241823069388,"name":"Ivanhojh","avatar":"https://static.tigerbbs.com/a41f0bf4ce9ad13477b3d5ba49c8d025","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":342224345,"type":1,"supId":0,"prevId":0,"content":"Comment back pls","text":"Comment back pls","html":"Comment back 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"}],"langContent":"EN"},{"id":342221539,"gmtCreate":1618223707221,"gmtModify":1704707710767,"author":{"id":"3579836083643124","authorId":"3579836083643124","name":"pam07","avatar":"https://static.tigerbbs.com/68607a559c772e744d6d9d084e865f87","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/342221539","repostId":1178871314,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":342229210,"gmtCreate":1618223489530,"gmtModify":1704707708156,"author":{"id":"3578645022852618","authorId":"3578645022852618","name":"toonwk","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"New era of money","listText":"New era of money","text":"New era of 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