Bitcoin is up more than 2% from its previous year high of $58,354.14 on Feb 21
source Dado Ruvic
After the earlier drops of consolidation since the middle of February, Bitcoin is going to up to a all new high again on 10 a.m on Saturday after the market cap crossed the $60,000 for the first time and hours later crossed the $61,000 new record of all-time high which is the $61,119.51, up 7.47% in the last 24 hours.
This new high were somehow related to a Chinese internet firm Meitu on their institutional investment momentum which is changing the Bitcoin treasury strategy and the new high were also comes after 2nd days of President Joe Biden signed a massive $1.9 trillion stimulus program into law that is sending cheque of $1,400 to U.S citizens and people have already started receiving the cheques.
And U.S Treasury has climbed back up to the 12 months high in this latest Biden’s fresh stimulus and Bitcoin’s quick rise might cause the liquidation of over $100 million in short position in a matter of minutes.
Source Coindesk