ITS Crypto Logo
ITS Crypto Logo JOIN NOW
ITS Crypto
International Trade Signals

Bitcoin Conquers USD 60,000 As Demand Exceeds Supply

Bitcoin Reaches 60,000 USD

13th March 2021

The most popular cryptocurrency, bitcoin (BTC), reached another milestone today, surpassing the USD 60,000 level for the first time in its history. (Updated on March 14, 07:20 UTC, with the latest market data.)

At 07:17 UTC on Sunday, BTC trades at USD 60,935, correcting from its new all-time high of USD 61,712 (per Coingecko.com), reached on Saturday. The price is still up by 7% in a day and 24% in a week. It rallied by 27% in a month and 998% in a year.

Other major cryptoassets are also in green today, with ethereum (ETH) extending its gains by 7%, to USD 1,895, while other coins in the top 10 club advanced by up to 3%.

Per Chainalysis data, BTC reached a new all-time high as inflows to exchanges declined and trade intensity data suggests that some exchanges are starting to receive much less actual supply of the underlying asset than historically despite high demand.

cryptonews.com

https://cryptonews.com/news/bitcoin-conquers-usd-60-000-as-demand-exceeds-supply-9531.htm