![](\"https:\/\/www.trustnodes.com\/wp-content\/uploads\/2021\/02\/600x377xbitcoin-price-feb-16-2021.png\")
<\/p>\nBitcoin has risen above $50,000 for the first time ever, reaching $50,600 before currently trading at about $49,500.<\/p>\n
Its market cap is now close to overtaking a trillion, with it standing at $920 billion on about $80 billion volumes.<\/p>\n
The crypto has ‘only’ risen 3.2% however, oscillating for the past few days but with an upwards bias.<\/p>\n
<\/p>\n
We seem to have an upwards consolidating wedge there on the brink of $50,000 with it presumably waiting for a breakout.<\/p>\n
Ethereum hasn’t quite kept up, so bitcoin is clearly leading currently, with the currency enjoying widening adoption among corporations and even some local governments like Miami.<\/p>\n
America seems to be leading currently, with this price rise coming at morning time in New York city, with Europe not playing at a corporate level.<\/p>\n
Interestingly we haven’t heard much from the rich Arab world either, and only London seems to be cautiously playing besides USA.<\/p>\n
It is thought China is participating, but in a stealth mode and thus to a limited extent, with retail most likely still the main driving force not least because anecdotally there seems to be many newcomers.<\/p>\n
They’re probably just about in time for the show, as once we past $50,000, this may shoot straight to $57,000, or to $48,000 or may sideway.<\/p>\n
The options are endless thus as bitcoin frontruns Musk to Mars and then maybe we get to see how it satellite hops to Venus and Alpha Centauri. <\/p>\n