The next hurdle is $50k for Bitcoin.

Bitcoin price rallied to a new all-time high near USD 48,300 before starting a downside correction. BTC traded below the USD 47,500 level and it is currently near USD 46,100. The next key support is at USD 45,000, below which there are chances of a larger downside correction.

Besides, most other major altcoins are gaining traction. ETH/$ traded to a new all-time high near USD 1,831 and it is consolidating gains. XRP/USD is rising again and it may soon test or clear USD 0.510.

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