Currency Economy

Bitcoin nerves, Tesla told to dump crypto, NFT madness: Hodler’s Digest, Feb. 28–March 6

Cryptocurrency (Mar 07, 2021 08:00AM ET)

Bitcoin nerves, Tesla told to dump crypto, NFT madness: Hodler’s Digest, Feb. 28–March 6

traders worry as price remains pinned below $50,000

After reaching lows of $43,500 last Sunday, Bitcoin staged a comeback, managing to hit $52,000 on Wednesday. There was optimism that the correction was over and that BTC would now have the chance to return to all-time highs.

Alas, the best-laid plans of mice and men often go awry. Fast forward to this weekend, and Bitcoin is once again struggling to break above $50,000 a psychologically important milestone. Now, the nerves are starting to set in.

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