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Greg Waisman, the co-founder and COO of the fintech company Mercuryo, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) monthly price movements.
Tesla Joins the Bitcoin Craze Pushing Prices to New All-Time Highs
Bitcoin kicked off February on a good posture. After enduring a month-long consolidation period that began on January 8th, BTC was able to slice through the $35,000 resistance barrier and resume its uptrend.
By February 6th, the pioneer cryptocurrency had risen nearly 24% from the monthly open of $33,140 to $41,000.
Although prices tumbled the following day, it seems like market participants entered a state of FOMO on February 8th when Tesla announced that it had purchased $1.5 billion worth of Bitcoin. The news was welcomed by the cryptocurrency community, pushing prices up by 20.30% on a single day.
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Bitcoin just set a new all-time high at $48,600 on top exchanges just days after setting its previous high of $48,300 on Coinbase. The cryptocurrency is
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