NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Is Sony The Next Crypto Bank? Tech Giant Applies For A National Charter In The US
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Is Sony The Next Crypto Bank? Tech Giant Applies For A National Charter In The US

Bitcoin Sets New All-Time High at $49,400

Bena Ilyas
Bena Ilyas
11 months ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin just rocketed to a new all-time high at $49,400 despite consolidation in the price of Ethereum. The leading cryptocurrency set this new high after spending most of the past week in the $47,000 range.

Bitcoin is moving higher on continued institutional support of the coin.

Tesla revealed last Monday that it holds a significant amount of the cryptocurrency, which it purchased to hedge its cash position and to provide liquidity for its intent to accept BTC payments.

Related Reading: Wall Street Veteran Kickstarts Own Bitcoin Fund With $25m Investment

Institutional Support to Drive Further Bitcoin Demand

Raoul Pal, the chief executive of Real Vision and a former Goldman Sachs head of hedge fund sales in Europe, stated that the introduction of institutions like Tesla will create a recursive feedback loop that will drive demand for Bitcoin:

“Remember that as the market cap of BTC rises, it forces more institutions into it. The more institutions that adopt it, the more the others have to and the harder it is for regulators to stop it. A perfect reflexive loop with the little guy front running it all.”

Remember that as the market cap of BTC rises, it forces more institutions into it. The more institutions that adopt it, the more the others have to and the harder it is for regulators to stop it.

A perfect reflexive loop with the little guy front running it all.

Bravo everyone!

— Raoul Pal (@RaoulGMI) February 14, 2021

For instance, the news that Tesla bought Bitcoin to diversify its cash portfolio has sparked discussions about the cryptocurrency with other corporations across the United States. For instance, Twitter’s chief financial officer stated that they are looking into Bitcoin and even paying salaries in the cryptocurrency in a recent CNBC interview.

Bitcoin’s technicals may also indicate there is room to move higher.

“PlanB,” a BTC-focused analyst, noted that the cryptocurrency’s relative strength index is on a similar path to the one it was on in the previous cycle. Should history rhyme, Bitcoin still has room to extend to the upside before it undergoes a correction.

#bitcoin looking strong .. RSI 90🚀 pic.twitter.com/eFJbBtACsa

— PlanB (@100trillionUSD) February 13, 2021

Related Reading: 3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing
Featured Image from Unsplash
Chart from TradingView.com
Price Tags: xbtusd, btcusd, btcusdt
Bitcoin Sets New All-Time High at $49,400
Tweet123Share196ShareSend
Bena Ilyas
Bena Ilyas

Bena Ilyas

Benna Ilyas is a finance and cryptocurrency enthusiast who has been writing about Bitcoin and the blockchain since 2021. She is an author at Bitcoinist and NewsBTC, and she also runs his blog, where he writes about all things related to crypto and finance.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

cardano ada adausd

Cardano (ADA) Rebounds 2.2% to $0.70 as Whales Accumulate 200M Tokens Ahead of Berlin Summit

Cardano (ADA) edged higher to $0.70 (+2.2%) on Wednesday as on-chain data showed large holders buying the dip. Related Reading:...

James Halver 4 hours ago
Ethereum

Ethereum High Timeframe Open Interest Breakdown Confirms Market Reset Phase — What This Means

Ethereum’s high-timeframe structure exposes the fallout from the leverage massacre. Open Interest has cratered, reflecting widespread liquidation across futures markets....

Godspower Owie 5 hours ago
ethereum eth

Fidelity Buys $154.6M in Ethereum as Analysts Predict Move Toward New Highs Despite Outflows

Ethereum (ETH) is back in the spotlight after Fidelity clients purchased roughly 36,460 ETH ($154.6 million), signaling renewed institutional demand...

James Halver 6 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin STH Whales

Newbie Bitcoin Whales Now Control 44% Of Realized Cap, Highest Ever

Keshav Verma 1 hour ago

Snorter Bot Token iepriekšpārdošana beidzas pēc 4 dienām – vai 100x mēmu monētu mednieks varētu būt gudrākā izvēle šajā “mēmu ziemā”?

lasma 1 hour ago
Bitcoin

Bitcoin Bull Run Coming To An End: Cycle Peak Countdown Signals 99.3% Completion

Ronaldo Marquez 2 hours ago

Premium Sponsors

Press Releases

  • ChatGPT-5 predpovedá, že táto minca z teba môže urobiť milionára

    ChatGPT-5 predpovedá, že táto minca z teba môže...

    15 hours ago
  • ChatGPT-5 szerint ez az érme milliomost csinálhat belőled

    ChatGPT-5 szerint ez az érme milliomost csinálhat...

    16 hours ago
  • ChatGPT-5 předpovídá, že tato mince z vás může...

    16 hours ago
  • ChatGPT-5 przewiduje, że ta moneta może uczynić Cię milionerem

    ChatGPT-5 przewiduje, że ta moneta może uczynić Cię...

    17 hours ago
  • Why Meme Coins are the Best Bets in Q4

    Meme coin tiềm năng nên mua để đạt lợi nhuận...

    18 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.