{"id":36067,"date":"2021-02-09T09:38:44","date_gmt":"2021-02-09T07:38:44","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36067"},"modified":"2025-08-29T04:28:49","modified_gmt":"2025-08-29T01:28:49","slug":"bitcoin-price-tests-48000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-price-tests-48000\/","title":{"rendered":"Bitcoin price tests $48,000"},"content":{"rendered":"<p>Bitcoin continued its ascent to new highs \u2014 shortly after a momentum-driven rally on the back of <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musks-tesla-invested-1-5-billion-in-bitcoin-the-assets-price-rose-to-44800\">positive news from Tesla<\/a>, the price breached the $48,000 level.<!--more--><\/p>\n<p>At the time of writing, digital gold was trading around $47,220 on Bitstamp.<\/p>\n<div id=\"attachment_124363\" style=\"width: 1268px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-124363\" class=\"size-full wp-image-124363\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTC-16.png\" alt=\"Bitcoin price tested the $48,000 level\" width=\"1258\" height=\"818\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTC-16.png 1258w, https:\/\/u1f987.com\/wp-content\/uploads\/BTC-16-300x195.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/BTC-16-1024x666.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/BTC-16-768x499.png 768w\" sizes=\"auto, (max-width: 1258px) 100vw, 1258px\" \/><\/p>\n<p id=\"caption-attachment-124363\" class=\"wp-caption-text\">30-minute BTC\/USD chart from Bitstamp on TradingView.<\/p>\n<\/div>\n<p>Here is the top ten by market capitalisation:<\/p>\n<div id=\"attachment_124339\" style=\"width: 1280px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-124339\" class=\"size-full wp-image-124339\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-379.png\" alt=\"Bitcoin price tested the $48,000 level\" width=\"1270\" height=\"337\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-379.png 1270w, https:\/\/u1f987.com\/wp-content\/uploads\/2-379-300x80.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/2-379-1024x272.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/2-379-768x204.png 768w\" sizes=\"auto, (max-width: 1270px) 100vw, 1270px\" \/><\/p>\n<p id=\"caption-attachment-124339\" class=\"wp-caption-text\">Data: <a href=\"https:\/\/www.coingecko.com\/en\/coins\/all\" target=\"_blank\" rel=\"noopener\">CoinGecko<\/a>.<\/p>\n<\/div>\n<p>Polkadot and Cardano displaced Ripple&#8217;s XRP from the fourth spot in the rankings. Fueled by celebrity attention, Dogecoin pushed Bitcoin Cash out of the top ten.<\/p>\n<p>Raoul Pal, founder of Global Macro Investors, wrote on Twitter that friends he has known since childhood have started asking him about Bitcoin. Only a small portion of them own cryptocurrency.<\/p>\n<p>Noted trader Peter Brandt told him that despite the hype around digital gold, the uptrend in price looks healthy compared with the end of 2017.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Raoul, this trend feels healthy, unlike late 2017, more like early 2017.<br \/>\nYet, when in a crowded place it is always good to know where the exit door is.<br \/>\nYou have done very well with this market.<br \/>\nThanks for introducing me to <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> in March 2016 and opening the door to your exchange<\/p>\n<p>\u2014 Peter Brandt (@PeterLBrandt) <a href=\"https:\/\/twitter.com\/PeterLBrandt\/status\/1358970878621548547?ref_src=twsrc%5Etfw\">February 9, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote>\n<p>\u201cThis more closely resembles the start of 2017,\u201d the technical analyst noted.<\/p>\n<\/blockquote>\n<p>Earlier ForkLog <a href=\"https:\/\/u1f987.com\/en\/news\/experts-assess-the-implications-of-teslas-bitcoin-investment\">brought expert opinions<\/a> regarding the implications of Tesla&#8217;s investment in Bitcoin.<\/p>\n<p>Follow ForkLog on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin continued its ascent to new highs\u2014shortly after a momentum-driven rally on the back of positive news from Tesla, Bitcoin breached the $48,000 level.<\/p>\n","protected":false},"author":1,"featured_media":36068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480],"class_list":["post-36067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=36067"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36067\/revisions"}],"predecessor-version":[{"id":36069,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36067\/revisions\/36069"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/36068"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=36067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=36067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=36067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}