Bitcoin Poised for Short-Term Gains Past $51K as MicroStrategy Upsizes Debt Deal
Markets think the latest bull run will continue.
Bitcoin’s rally could continue in the short term, analysts and traders said, after the largest cryptocurrency by market cap surged on Wednesday to a new all-time-high price above $51,000.
The latest leg up came after CoinDesk reported that business intelligence firm MicroStrategy upsized a convertible-note offering to $900 million from an originally announced $600 million, with plans to use the proceeds to purchase more bitcoin.
At press time, bitcoin’s price is above 10-hour and 50-hour moving averages on the hourly chart, a bullish signal for market technicians.
“On the hourly time frame, bitcoin has a short-term support in the zone between $50,000 and $50,600 and an immediate resistance at $51,600,” Hunain Naseer, senior editor at OKEx Insights, told CoinDesk.
Ki Young Ju, CEO of South Korea-based cryptocurrency data firm CryptoQuant, said the Coinbase premium, which measures the price difference between Coinbase Pro’s BTC/USD pair and Binance’s BTC/USDT pair, has flipped positive, an indication of institutional inflows.
“Bitcoin has upheld positive short-term momentum since breaking out above January’s high,” Katie Stockton, a technical analyst for Fairlead Strategies, said. “There are no signs of short-term upside exhaustion with the psychologically significant $50,000 level having come and gone.”
Bitcoin’s total market capitalization is now approaching $1 trillion.
More For You
需要了解的:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
XRP higher after early dip as buyers step in near $1.80
Institutional interest in Ripple-linked assets remains strong, though overall market participation is limited.
需要了解的:
- XRP rose 4.26% to $1.85, recovering from early losses despite low trading volume.
- VivoPower's partnership to acquire Ripple Labs equity indirectly boosted sentiment toward XRP.
- Institutional interest in Ripple-linked assets remains strong, though overall market participation is limited.
