Bitcoin hits new all time highs alongside news of MicroStrategy completing yet another convertible note issuance for a total of $1.05 Billion.

This week, the Bitcoin market opened up to the significant news of Elon Musk's firm Tesla, purchasing $1.5 Billion worth of BTC as part of the companies treasury balance sheet.

BTC has exceeded $40k once again after climbing consistently over the past week. On-chain metrics continue to show favorable conditions as the BTC supply remains restricted.

Despite briefly dropping below $30k over the past week, on-chain fundamentals for BTC remain strong, indicating room for further growth. Meanwhile, the rest of the crypto market is growing even faster.

BTC has lost some ground over the past week, losing almost 7% of its value. But despite a possible further correction, long-term on-chain metrics remain bullish.

BTC had another stellar week, exceeding $40k for the first time ever - more than double its 2017 ATH. However, a correction and some sideways movement may be in order before further growth is seen.

Moving into the first week of 2021, BTC continues to hit all-time highs as it shoots past $30k and continues to climb. But ETH is the real winner of the week, gaining over 37% in a single day.

BTC smashed through its previous all-time high to find support above $23k for the first time ever. Meanwhile, on-chain fundamentals remain strongly bullish for BTC and other cryptocurrencies.

BTC started and ended the past week just above $19k, failing to top its recent ATH. But despite its mostly sideways movement over the past few weeks, on-chain signals remain long-term bullish.

During Week 49, BTC recovered from the previous week's consolidation and stabilized around $19k. On-chain signals suggest that a further correction may be seen before bitcoin breaks above $20k sustainably.

After a rather tumultuous week, BTC and the rest of the crypto market appear to be recovering, with bitcoin rallying to break its all-time high and quickly approaching $20,000.

BTC saw continued gains throughout Week 46, rising above $16k for the first time since January 2018. Meanwhile, Ethereum looks poised to launch the first stage of ETH2.0 before the end of 2020.

BTC has continued its impressive streak, hitting $15k over the past week and showing few signs of slowing down. On-chain metrics suggest that it has more room to grow before reaching the next top.

BTC continued gaining momentum over Week 44, ending the week up over 5%. But despite these gains, a drop in on-chain fundamentals may prevent bitcoin from decoupling from traditional markets.