Sudden Burst: Bitcoin Pushes Above $46,000 For The First Time Since Jan. 5
For the first time since Jan. 5 Bitcoin BTC/USD broke above the $46,000 mark on Sunday.
The most highly capitalized and respected world's cryptocurrency Bitcoin was trading around $44,800 at 4:30 p.m. EDT on Sunday, when a sudden burst of volume came in and pushed BTC over $46,000. The apex crypto was trading at $46,483.39 at the time of publication. Bitcoin has now broken out of a trading range that has trapped the apex crypto for months. BTC has fluctuated between about $33,000 and $45,800 since the start of January.
The frenzy of trading pushed the price of BTC higher by over 4.5% in the past 24 hours, and Bitcoin has now risen over 12% in the past 7 days. Having said that, Bitcoin still has a long way to go before it reaches its previous all-time high of $68,789.63 set on Nov. 10, 2021.
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