bitcoin on thursday It was trading at $48,373, up 0.43 percent at the time of this article. NS cryptocurrency It rose to $50,000 on Monday, the first time since the May crash of this year. World’s largest currency in April Bitcoin Soared higher and reached an all-time high of $65,000. Bitcoin has risen and recovered after hovering in the $30,000 to $40,000 range for several weeks. After a massive selloff in June and July, bitcoin fell from $65,000 in April to $28,800 in June due to Chinese restrictions on corporates, financial companies, payment companies providing crypto-related services.
Two announcements made this week by PayPal and Coinbase raised bitcoin to nearly $50,000.
On the other hand, bitcoin’s rival currency, ether, was trading down $3166 or 0.86 percent at the time of this article. It was trading up 5.97 per cent as compared to the previous week. Ether had a market cap of $375.72 billion. Third place was held by Cardano, which was trading at $2.66, down 3.53 percent at the time of this article. Cardano was trading up 26.31 percent over the previous week.
Binance Coin stood at $501.72 with an increase of 4.09 percent in the last 24 hours. Binance Coin was trading up 26.41 percent compared to the previous week. The market cap of Binance Coin was $85.5 billion.
The total volume of the crypto market in the last 24 hours is $112.54B, which makes a 5.19% Shortage. The total volume in DeFi is currently $15.72bhandjob 13.97% 24 hour volume in total crypto market. The volume of all stable coins is now $88.73B, which is 78.84% According to coinmarketcap.com, the total crypto market of 24-hour volume.
“Cryptocurrency Spectrum has been looking for a strong support. Bitcoin surged above the $48,000 level to enter a bear market. Despite the slight correction, there is no reason to panic. Most of the activity is in the derivatives market as next More than $1.7 billion worth of contracts will expire in two days. Long-term investors should choose to ignore such noise in crypto markets. The market will seek support by the end of this month,” said Edul Patel, CEO and Co-Founder , Mudrex- A Global Crypto Trading Platform said.
According to the Zebpay Trade Desk, bitcoin has touched the $50,000 mark for the first time since May and is up nearly 72% from its recent low of $29,301. Technically on the weekly time frame, the asset is trading in an uptrend forming a ‘higher high higher low’ pattern. BTC may face some resistance near the $51,109 level (61.8% Fibonacci retracement level) and if these levels are breached with good volume, we can expect the asset to rise to $57,000 .
Here are the top cryptocurrencies and their prices as of August 25, 2021 (data from coinmarketcap.com when the article was published)
Bitcoin $48,258.85 or 0.14 percent change in 24 hours
Ethereum turns $3,161 or 1.16 percent in 24 hours
Cardano $2.64 or 4.77 percent change in 24 hours
Binance Coin changes $497.11 or 2.93 percent in 24 hours
Tether changes $1.00 or 0.01 percent in 24 hours
XRP converts $1.14 or 1.79 percent in 24 hours
Dogecoin $0.2831 or 3.44 percent change in 24 hours
USD coin $1.00 or 0.00 percent change in last 24 hours
Polkadot $25.28 or 3.69 percent change in 24 hours
Solana $70.65 or 1.77 percent change in 24 hours
Uniswap $26.67 for $26.67 or 1.54 percent change in 24 hours
Tera $28.75 or 6.61 percent change in 24 hours
Bitcoin Cash $633.09 or 1.82 percent change in 24 hours
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