This Monday was historic for cryptocurrency markets. BTCUSD made an all-time high and is trading at $46,498 level on PrimeBit now.
The rally on cryptocurrency markets was triggered by Tesla SEC filing. The world’s most valuable car manufacturer has invested $1.5 billion in bitcoin to gain more flexibility and further diversify and maximize returns of their cash holdings. Additionally, the company revealed plans to start accepting bitcoins for car payments.
The news came right on time. Cryptocurrency markets were waiting for such an incentive. Combined with the growing supply of major fiat currencies, wider adoption of cryptocurrencies is the main force behind a strong bull market.
ETHUSD is also experiencing a solid price hike. Ethereum has already grown 140% in 2021 and is currently trading at $1769 on PrimeBit. On Monday, the Chicago Mercantile Exchange also launched Ethereum futures (ETH-USD), causing further price appreciation.
LTCUSD lost almost 30% in the second half of January falling from the all-time high of $177.85. However, litecoin price is steadily recovering due to positive news supporting higher market-cap peers and is trading at $167.85 today.
It’s going to be an exciting week on the cryptocurrency markets. Don’t miss out on the opportunities and enjoy trading contracts with PrimeBit.
