Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Malam90 on January 03, 2021, 02:38:46 AM

Title: How massive Bitcoin buyer activity on Coinbase propelled BTC price past $32K?
Post by: Malam90 on January 03, 2021, 02:38:46 AM

The price of Bitcoin surged past $32,000 as buyers on Coinbase aggressively accumulated BTC. Coinbase has seen a large spike in buyer activity overnight as the price of Bitcoin (BTC) surpassed $32,500 on Jan. 2. Analysts say the trend was reminiscent of MicroStrategy’s Bitcoin accumulation, possibly fueled by institutional buy orders. As a result, BTC surpassed $31,000, reaching a new all-time high. Please read more from the source link (https://cointelegraph.com/news/how-massive-bitcoin-buyer-activity-on-coinbase-propelled-btc-price-past-32k)

Title: Re: How massive Bitcoin buyer activity on Coinbase propelled BTC price past $32K?
Post by: Msweet on January 03, 2021, 04:35:41 AM

I think Bitcoin cryptocurrency will be able to set a new record.  At the end of 2020 the price of this bitcoin was around 29500 USD.  And by 2021, it has risen to more than 32,500.  It can be seen here that it has increased the price a lot in the space of a few days.  Hopefully very soon it will be able to put 40,000 feet.