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What's Next For Bitcoin After $50K?

BTC price action is getting crypto's hopes up

Jack Inabinet
Feb 12, 2024 • 1 min read

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The total crypto market cap (TOTAL) broke above $1.8T resistance as Bitcoin battled $50k, setting a new cycle high! How much higher can we go?

Bitcoin dominance increased sharply by 0.4% on the US open, bringing its total gain to 3.5% over the past month after bottoming as traders unwound their overweight BTC ETF approval bets.

Bitcoin ETF inflows are accelerating pic.twitter.com/zgovvX8dDt

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Written by Jack Inabinet

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Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.