The incredible current rally of Bitcoin doesn’t show signs of stopping as the King of Crypto reached $51,000 for the first time.
The coin grew by close to 6% today and topped a new level of $51,431. This follows a fivefold surge during 2020.
Yesterday, MicroStrategy has declared that it plans to sell $600 million of convertible bonds with the proceeds going to acquiring more tokens.
MicroStrategy’s step is “a warning sign if there ever was one that things are getting out of hand in the crypto world,” declared Jeffrey Halley, senior market analyst at Oanda Asia Pacific Pte.
Of course, not everybody agrees:
All of this implies that traders don’t think the crypto rally would have a sudden end.