"The Ilon Musk effect": bitcoin for $48,000 and ether for $1,800

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2 years ago

The price of BTC exceeded $48,000 for the first time, and ETH reached $1,800 on the back of news about Tesla's $1.5 billion investment in bitcoin. In the last 24 hours, all major cryptocurrencies rose, and DOGE even moved up to ninth place.

The cryptocurrency markets continue to grow optimistically. In the afternoon of February 8 it became known that Tesla company owned by Elon Musk bought $1.5 billion worth of BTC and plans to accept payments in cryptocurrencies. After that, bitcoin rate renewed the historical maximum, reaching $45,000.

Overnight and in the morning of February 9, the growth continued - the bitcoin price reached $48,018, after which it corrected to $46,400.

Bitcoin has traditionally been followed by other major cryptocurrencies. Today, the price of ether reached $1,820 for the first time, showing a growth of 10% overnight. The price of ETH could also be affected by the launch of trading in ether futures by CME Group. During the first day, the trading volume amounted to about 400 contracts.

According to CoinMarketCap, most of the top 10 crypto-assets have grown at least 10% in the past 24 hours. Binance Coin (BNB) rose to $99, Polkadot (DOT) rose 18% to nearly $24, and Litecoin (LTC) rose 13% to $170.

Dodegocoin (DOGE), also repeatedly mentioned by Ilon Musk, climbed to 9th place by capitalization with a growth of almost 11% overnight - the price of the cryptoasset reached $0.078. Dodegocoin took the place of Chainlink (LINK), which fell to 10th place in the ranking and now trades around $25.

Yesterday the cryptocurrency market capitalization exceeded $1.3 billion, and today it is already approaching $1.4 billion.

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