{"id":577021,"date":"2024-02-27T06:00:30","date_gmt":"2024-02-27T06:00:30","guid":{"rendered":"https:\/\/wncen.com\/?p=577021"},"modified":"2024-02-27T05:45:01","modified_gmt":"2024-02-27T05:45:01","slug":"bull-run-returns-bitcoin-breaks-through-57000-barrier","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/","title":{"rendered":"Bull Run Returns? Bitcoin Breaks Through $57,000 Barrier"},"content":{"rendered":"

In a not-so unexpected turn of events, Bitcoin (BTC) has surged to new heights, breaking the $57,000 barrier<\/a> during the early hours of Tuesday in the Asian market. This price level, not seen since November 2021, marks a significant resurgence for the leading cryptocurrency.<\/p>\n

Related Reading: Who\u2019s Behind The Latest $41 Million Ethereum Buying Spree? Justin Sun Again?<\/a><\/div>\n

Bitcoin ETFs Experience Unprecedented Activity<\/strong><\/h2>\n

Remarkably, the surge in Bitcoin’s price<\/a> has triggered substantial activity in US-based spot Bitcoin ETFs, excluding Grayscale’s GBTC. According to Bloomberg, these ETFs recorded a record-high $2.4 billion in trading volume on Monday. This surge in trading activity underscores the increasing interest and involvement of institutional investors in the cryptocurrency market.<\/p>\n

\"\"<\/p>\n

As of the time of publication, bitcoin had slightly decreased to $56,437<\/a>, but it was still up about 10% from the previous day. Since the beginning of the year, the price of bitcoin has risen by more than 30%, continuing a protracted surge that has also spurred interest in smaller currencies like Ether and Solana, among speculators.<\/p>\n

The demand for Bitcoin is not confined to spot trading alone; a substantial influx of approximately $5.6 billion has poured into recently launched Bitcoin ETFs in the US, which began trading on January 11. This influx of investment signals a broadening interest in Bitcoin, extending beyond the traditional base of digital asset enthusiasts.<\/p>\n

\n

It’s official..the New Nine Bitcoin ETFs have broken all time volume record today with $2.4b, just barely beating Day One but about double their recent daily average. $IBIT<\/a> went wild accounting for $1.3b of it, breaking its record by about 30%. pic.twitter.com\/MiCs1rzttM<\/a><\/p>\n

\u2014 Eric Balchunas (@EricBalchunas) February 26, 2024<\/a><\/p><\/blockquote>\n

Bitcoin’s Rally Outshines Traditional Assets<\/strong><\/h2>\n

Surprisingly, Bitcoin’s rally this year has outpaced traditional assets such as stocks and gold. The ratio comparing Bitcoin’s price to that of the precious metal has reached its highest level in over two years, indicating a shifting preference among investors towards digital assets.<\/p>\n

The overall value of digital assets, including various cryptocurrencies, now stands at a staggering $2.2 trillion, a substantial increase from the lows experienced during the bear market of 2022 when the market value dipped to around $820 billion. This resurgence demonstrates the resilience and growing prominence of digital assets in the financial landscape.<\/p>\n

<\/p>\n

BTCUSD trading at $55,799 on the daily chart: TradingView.com<\/a><\/pre>\n
Contrary Market Indicators Fail To Deter Crypto Momentum<\/strong><\/h3>\n
In an intriguing development, despite a rise in US Treasury yields, which typically signals expectations for tighter monetary policy, the bullish momentum in the cryptocurrency market remains resilient. Digital tokens like Bitcoin are experiencing notable upward movements, defying conventional market indicators.<\/p>\n
Fundstrat Global Advisors’ Head of Digital-Asset Strategy, Sean Farrell, noted in a recent statement that the “bullish momentum in crypto is unfolding despite an uptick in rates,” highlighting the unique dynamics influencing the cryptocurrency market.<\/p>\n
Related Reading: Ethereum Bullish Run: Analyst Eyes $4,500 After ETH Breached $3K<\/a><\/div>\n
MicroStrategy Boosts Corporate Bitcoin Holdings<\/strong><\/h3>\n
In the midst of this ongoing rally, MicroStrategy, a notable enterprise software firm recognized for incorporating Bitcoin into its corporate strategy, has announced a significant addition to its cryptocurrency holdings.<\/p>\n
The company revealed that it had purchased an additional 3,000 Bitcoin tokens this month, bringing its total Bitcoin holdings to approximately $10 billion. This strategic move by MicroStrategy highlights the growing acceptance of cryptocurrencies as a valuable asset by corporate entities.<\/p>\n
Featured image from, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
In a not-so unexpected turn of events, Bitcoin (BTC) has surged to new heights, breaking the $57,000 barrier during the early hours of Tuesday in the Asian market. This price level, not seen since November 2021, marks a significant resurgence for the leading cryptocurrency. Related Reading: Who\u2019s Behind The Latest $41 Million Ethereum Buying Spree? Justin Sun Again? Bitcoin ETFs Experience Unprecedented Activity Remarkably, the surge in Bitcoin’s price has triggered substantial activity in US-based spot Bitcoin ETFs, excluding Grayscale’s GBTC. According to Bloomberg, these ETFs recorded a record-high $2.4 billion in trading volume on Monday. This surge in trading activity underscores the increasing interest and involvement of institutional investors in the cryptocurrency market. As of the time of publication, bitcoin had slightly decreased to $56,437, but it was still up about 10% from the previous day. Since the beginning of the year, the price of bitcoin has risen by more than 30%, continuing a protracted surge that has also spurred interest in smaller currencies like Ether and Solana, among speculators. The demand for Bitcoin is not confined to spot trading alone; a substantial influx of approximately $5.6 billion has poured into recently launched Bitcoin ETFs in the US, which began trading on January 11. This influx of investment signals a broadening interest in Bitcoin, extending beyond the traditional base of digital asset enthusiasts. It’s official..the New Nine Bitcoin ETFs have broken all time volume record today with $2.4b, just barely beating Day One but about double their recent daily average. $IBIT went wild accounting for $1.3b of it, breaking its record by about 30%. pic.twitter.com\/MiCs1rzttM \u2014 Eric Balchunas (@EricBalchunas) February 26, 2024 Bitcoin’s Rally Outshines Traditional Assets Surprisingly, Bitcoin’s rally this year has outpaced traditional assets such as stocks and gold. The ratio comparing Bitcoin’s price to that of the precious metal has reached its highest level in over two years, indicating a shifting preference among investors towards digital assets. The overall value of digital assets, including various cryptocurrencies, now stands at a staggering $2.2 trillion, a substantial increase from the lows experienced during the bear market of 2022 when the market value dipped to around $820 billion. This resurgence demonstrates the resilience and growing prominence of digital assets in the financial landscape. BTCUSD trading at $55,799 on the daily chart: TradingView.com Contrary Market Indicators Fail To Deter Crypto Momentum In an intriguing development, despite a rise in US Treasury yields, which typically signals expectations for tighter monetary policy, the bullish momentum in the cryptocurrency market remains resilient. Digital tokens like Bitcoin are experiencing notable upward movements, defying conventional market indicators. Fundstrat Global Advisors’ Head of Digital-Asset Strategy, Sean Farrell, noted in a recent statement that the “bullish momentum in crypto is unfolding despite an uptick in rates,” highlighting the unique dynamics influencing the cryptocurrency market. Related Reading: Ethereum Bullish Run: Analyst Eyes $4,500 After ETH Breached $3K MicroStrategy Boosts Corporate Bitcoin Holdings In the midst of this ongoing rally, MicroStrategy, a notable enterprise software firm recognized for incorporating Bitcoin into its corporate strategy, has announced a significant addition to its cryptocurrency holdings. The company revealed that it had purchased an additional 3,000 Bitcoin tokens this month, bringing its total Bitcoin holdings to approximately $10 billion. This strategic move by MicroStrategy highlights the growing acceptance of cryptocurrencies as a valuable asset by corporate entities. Featured image from, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":577027,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[428,1119,1144,6664,1742],"class_list":["post-577021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-crypto","tag-digital-currency"],"acf":[],"yoast_head":"\nBull Run Returns? Bitcoin Breaks Through $57,000 Barrier<\/title>\n<meta name=\"description\" content=\"In a not-so unexpected turn of events, Bitcoin (BTC) has surged to new heights, breaking the $57,000 barrier during the early hours of Tuesday in the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bull Run Returns? Bitcoin Breaks Through $57,000 Barrier\" \/>\n<meta property=\"og:description\" content=\"In a not-so unexpected turn of events, Bitcoin (BTC) has surged to new heights, breaking the $57,000 barrier during the early hours of Tuesday in the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-27T06:00:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-27T05:45:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/a_28f82e.png?fit=949%2C557\" \/>\n\t<meta property=\"og:image:width\" content=\"949\" \/>\n\t<meta property=\"og:image:height\" content=\"557\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"Bull Run Returns? Bitcoin Breaks Through $57,000 Barrier\",\"datePublished\":\"2024-02-27T06:00:30+00:00\",\"dateModified\":\"2024-02-27T05:45:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/\"},\"wordCount\":552,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/a_28f82e.png?fit=949%2C557\",\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"crypto\",\"digital currency\"],\"articleSection\":[\"Bitcoin\",\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/\",\"url\":\"https:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/\",\"name\":\"Bull Run Returns? Bitcoin Breaks Through $57,000 Barrier\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/a_28f82e.png?fit=949%2C557\",\"datePublished\":\"2024-02-27T06:00:30+00:00\",\"dateModified\":\"2024-02-27T05:45:01+00:00\",\"description\":\"In a not-so unexpected turn of events, Bitcoin (BTC) has surged to new heights, breaking the $57,000 barrier during the early hours of Tuesday in the\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/a_28f82e.png?fit=949%2C557\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/a_28f82e.png?fit=949%2C557\",\"width\":949,\"height\":557,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bull Run Returns? Bitcoin Breaks Through $57,000 Barrier\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\",\"name\":\"Christian Encila\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g\",\"caption\":\"Christian Encila\"},\"description\":\"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.\",\"sameAs\":[\"jomarjet01\"],\"url\":\"https:\/\/wncen.com\/author\/jomarjet01\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bull Run Returns? Bitcoin Breaks Through $57,000 Barrier","description":"In a not-so unexpected turn of events, Bitcoin (BTC) has surged to new heights, breaking the $57,000 barrier during the early hours of Tuesday in the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/","og_locale":"en_US","og_type":"article","og_title":"Bull Run Returns? Bitcoin Breaks Through $57,000 Barrier","og_description":"In a not-so unexpected turn of events, Bitcoin (BTC) has surged to new heights, breaking the $57,000 barrier during the early hours of Tuesday in the","og_url":"https:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-02-27T06:00:30+00:00","article_modified_time":"2024-02-27T05:45:01+00:00","og_image":[{"width":949,"height":557,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/a_28f82e.png?fit=949%2C557","type":"image\/png"}],"author":"Christian Encila","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Christian Encila","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/"},"author":{"name":"Christian Encila","@id":"https:\/\/wncen.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80"},"headline":"Bull Run Returns? Bitcoin Breaks Through $57,000 Barrier","datePublished":"2024-02-27T06:00:30+00:00","dateModified":"2024-02-27T05:45:01+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/"},"wordCount":552,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/a_28f82e.png?fit=949%2C557","keywords":["bitcoin","btc","btcusd","crypto","digital currency"],"articleSection":["Bitcoin","Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/","url":"https:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/","name":"Bull Run Returns? Bitcoin Breaks Through $57,000 Barrier","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/a_28f82e.png?fit=949%2C557","datePublished":"2024-02-27T06:00:30+00:00","dateModified":"2024-02-27T05:45:01+00:00","description":"In a not-so unexpected turn of events, Bitcoin (BTC) has surged to new heights, breaking the $57,000 barrier during the early hours of Tuesday in the","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/a_28f82e.png?fit=949%2C557","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/a_28f82e.png?fit=949%2C557","width":949,"height":557,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bull Run Returns? Bitcoin Breaks Through $57,000 Barrier"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80","name":"Christian Encila","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","caption":"Christian Encila"},"description":"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bull Run Returns? Bitcoin Breaks Through $57,000 Barrier","url":"http:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bull-run-returns-bitcoin-breaks-through-57000-barrier\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/a_28f82e.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/a_28f82e.png?fit=949%2C557"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","crypto","digital currency"],"dateCreated":"2024-02-27T06:00:30Z","datePublished":"2024-02-27T06:00:30Z","dateModified":"2024-02-27T06:00:30Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bull Run Returns? Bitcoin Breaks Through $57,000 Barrier\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bull-run-returns-bitcoin-breaks-through-57000-barrier\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bull-run-returns-bitcoin-breaks-through-57000-barrier\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/a_28f82e.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/a_28f82e.png?fit=949%2C557\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"crypto\",\"digital currency\"],\"dateCreated\":\"2024-02-27T06:00:30Z\",\"datePublished\":\"2024-02-27T06:00:30Z\",\"dateModified\":\"2024-02-27T06:00:30Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/a_28f82e.png?fit=949%2C557","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/577021"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=577021"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/577021\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/577027"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=577021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=577021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=577021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}