Bitcoin Sets Fresh Record Above $50K Pushing Yearly Gains to 69%

Bitcoin reached a new all-time high of $50,001.35 Tuesday morning, just days after breaking above $48,000.

AccessTimeIconFeb 16, 2021 at 12:30 p.m. UTC
Updated Sep 14, 2021 at 12:11 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Bitcoin reached a new all-time high of $50,001.35 Tuesday morning, just days after breaking above $48,000 for the first time.

  • The cryptocurrency's latest pop pushes 2021 gains to 69%.
  • Over $400 million in bitcoin futures have been liquidated over the past 24 hours, according to Bybt, with BTC rallying more than 5% over the same period.
  • Bitcoin futures contracts on the Chicago Mercantile Exchange hit a high of $50,500.
  • Bitcoin's latest record high follows a flurry of institutional and corporate interest in the leading cryptocurrency.
  • Last Monday, Tesla bought $1.5 billion worth of bitcoin, which saw the digital asset's price spike by almost $4,000, according to CoinDesk's price index.
  • Additionally, in just the past week, Twitter's CFO said the company is considering investing in bitcoin, BNY Mellon announced plans to custody cryptocurrency for its clients and PayPal confirmed its plans to add crypto to its Venmo product.
  • The overall crypto market broke $1.5 trillion for the first time on Monday.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.