($BTC), (CAN) - Bitcoin Hits New All-Time High Above $51,000, Squeezing Altcoins

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Bitcoin (BTC) rally is regaining momentum at press time early Wednesday, with the cryptocurrency hitting a new all-time high of $51,335.23 as per Messari ...

What Happened: The cryptocurrency had crossed the $50,000 late Monday before retreating to as low as $47,787.09.

Bitcoin trading volume over 24 hours is up more than 11% at $78.9 billion.

Altcoins remain muted as Bitcoin extends gains. Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is down 0.57% at $1,798.95. Polkadot (DOT) is down 1.2% to $30.47. Cardano (ADA) is trading about 4% lower at $0.861.

The Graph (GRT), which has extended…
Neer Varshney
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