Bitcoin nears $50,000 milestone
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Bitcoin has reached a new record, rising above $49,000 for the first time. The cryptocurrency is up by almost 63 percent since the start of the year, buoyed by JP Morgan and Tesla’s endorsements
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Bitcoin price (US$, thousands) 
Feb 15: $47,751.99 (11:15GMT)

Dec 16: Bitcoin passes $20,000 barrier, hitting record high of $21,310.66 – yearly gain of over 180%

Jan 2: Breaks $30,000 barrier, closing at $31,836.26

Jan 8: Hits high of $41,962.36

Jan 28: Tesla CEO Elon Musk’s “#bitcoin” tweet leads to speculative frenzy

JP Morgan
Jan 5: predicts bitcoin could rally as high as $146,000 as institutional investors start to buy cryptocurrency

Jan 11: Falls to $30,261 – losing $125 billion in market value within 24 hours

Feb 8: Tesla invests $1.5 billion in bitcoin, triggering 25% rise by Feb 14

Jan 27: U.S. Treasury secretary Janet Yellen hints at stricter regulatory framework

50 40 30 20 10

Dec 31: Closes year at $28,946.37

15 21 28 4 11 18 25 1 8 15

Dec 2020 Jan 2021 Feb

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Sources: Bloomberg, Coindesk, Trading View Pictures: Associated Press © GRAPHIC NEWS

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