Bitcoin price hit a new all-time high at 46 on the same day794 USD Tesla announced its $ 1.5 billion investment in BTC and stock markets hit new highs

On Feb. 8 The price of Bitcoin (BTC) reached at 46$ 794 a new all-time high after documents from Tesla revealed the company had allocated 7% of its gross cash position to BTC The purchase gives Tesla a sizable $ 15 billion position in the top digital asset

Data from Cointelegraph Markets and TradingView shows that Bitcoin is currently up 185% and trading near 46$ 000 meanwhile, the majority of Altcoins and DeFi tokens have also risen to achieve double-digit gains for the day

While some analysts speculate which big company will get on the Bitcoin train next, Paul Steves, Dominion Securities analyst for the Royal Bank of Canada, believes Apple will be the next institutional player to join the trend

According to Steves, an Apple launch of a crypto exchange or the purchase of Bitcoin could result in estimated annual sales of $ 40 billion

Bitcoin’s bullish price move came at a crucial time as the digital asset had seen a decline in general sentiment over the past few days as the price struggled to hit the 38 levelTo exceed USD 000

Dogecoin (DOGE) also broke out when cops pushed the popular meme coin to a new all-time high of $ 0. 0839 This move came shortly after Mark Cuban nodded in agreement by poking the altcoin as the “best entertainment bang for your buck” the crypto market

When a Forbes reporter asks me about #dogecoin and if it’s a bad look for crypto when people buy it, picTwittercom / YGs27Vdsxo

The price of Cardano (ADA) rose to a new multi-year high of USD072, a 100% increase since February 1, after testnet’s successful implementation of smart contracts and the potential for future DeFi integration raised investor prospects for the Project had improved

Investor optimism that includes the possibility of a new round of stimulus from the US The government, including direct payments from 1$ 400 and a tax credit of 3$ 000 per child, helped strengthen traditional markets on Monday

The S&P 500, Dow and NASDAQ have all hit new record highs, finishing the day at 074%, 076% and 094% The past six trading days have been the longest winning streak for the S&P 500 since August 2020, and the Dow posted one Increase from 4 the best start in February since 1931, so far 7% this month

Altcoins also benefited from BTC’s upward momentum, and many bounced back on double-digit and standout results like Terra (LUNA) and BitTorrent that surged over 100%

Polkadot (DOT) rebounded to a new high of $ 2327 in 2023, while Elrond (EGLD) gained 407% in the last 24 hours to hit a new all-time high of $ 19173 theta (THETA) also rebounded 2555% set a new high at USD86

The total market cap for cryptocurrencies is now USD32 trillion and the dominance rate of Bitcoin is 629%

BTC price

World News – USA – Bitcoin price hits 46$ 794 as altcoins, stocks rebound to new highs

Source: https://cointelegraph.com/news/bitcoin-price-hits-46-794-as-altcoins-stocks-rally-to-new-highs