market cap

$50K Fakeout? Bitcoin Trading Volume Isn’t Picking Up With Price Action

October has brought in a new surge in the bullish sentiment, in a couple of days, Bitcoin has returned to the $50,000. This signals the beginning of a new up-only season but could spell caution for the most experienced operators. Related Reading | Bitcoin Hash Rate Might Make New ATH Soon, What Does It Mean For The Price? At the time of writing, Bitcoin trades at $49,968 with a 4.4% profit in the daily chart. The first cryptocurrency by market cap was rejected north of the $50,000 and could trend lower

Bitcoin breaks above $50,000 for the first time in four weeks.

Cryptocurrencies were broadly higher on Tuesday afternoon as bitcoin crossed a key level of $50,000 for the first time in four weeks. Bitcoin was up 5.4%, trading at $50,120. Ethereum, the second-biggest crypto by market cap, was up 3.3% to trade at $3,445. “The big factor for the bitcoin price now is if it can continue to move higher, and that will only depend on where the price will close today [Tuesday],” said Naeem Aslam, chief market analyst at AvaTrade. Bitcoin is highly likely to see more upside moves. “In

Bitcoin worth surge to $49K prompts a number of altcoins to hit new all-time highs

On Sunday bulls made their intentions clear by briefly pushing Bitcoin (BTC) worth above the $49,000 degree, a transfer that prompted many merchants on crypto Twitter to name for the top-ranked digital asset to knock down the psychological resistance at $50,000. Data from Cointelegraph Markets Pro and TradingView exhibits that after trading in a spread with an higher restrict close to $48,200 for a number of days, bulls managed to interrupt larger and climb to an intraday excessive at $49,242, capping a 20% rally since trading at a low of

Cross-chain bridge equipped altcoins rally higher despite China’s crypto ban

The bullish momentum that had been growing across the cryptocurrency ecosystem over the past few days came to a screeching halt on Sept. 24 as news that China had banned cryptocurrency transactions made the rounds on social media and initiated an abrupt fall in the price of Bitcoin (BTC) from $45,000 to $42,000. After the initial knee-jerk reaction and a brief period of time for the market to digest the news, traders jumped back in to buy the dips on several altcoins, which helped some of the losses seen earlier in

Diminishing returns: Is Bitcoin underperforming compared to altcoins?

The first half of 2021 in the crypto markets brought many comparisons to 2017. Bitcoin (BTC) was on a tear to its all-time high, the new frontier of decentralized finance emerged, and nonfungible tokens were gaining myriad celebrity endorsements. But after the initial months of euphoria and a subsequent sell-off, BTC’s performance has been far more lackluster. The recent market sell-off resulting from the Evergrande crisis has compounded fears. However, it can’t be ignored that many altcoins, particularly platform tokens, have undergone impressive runs and, in some cases, even bucked broader

Bitcoin Regains $50,000 Price Level for the First Time in 13 Weeks

Bitcoin bulls are back with a significant price rally. BTC’s retail and institutional demand are on the rise again as the world’s largest cryptocurrency crossed the price level of $50,000 for the first time since May 2021.The latest data published by Coinmarketcap shows that the total market cap of Bitcoin now stands at around $950 billion, compared to $550 billion in May 2021. BTC’s current crypto market dominance stands at around 43.8%.Apart from Bitcoin, several other cryptocurrency assets also saw substantial gains in the last 24 hours. The most prominent

Bitcoin Tops $50,000 for First Time Since May

Bitcoin returned to the $50,000 mark on Sunday evening, a major price milestone as the crypto market continues to break out from its spring crash and subsequent summer slump.The world’s largest cryptocurrency by market cap just surpassed $50,000. At the time of writing, it's up 2.6% in the last 24 hours, 5.6% in the last week, and 55% in the past month, according to CoinGecko. The last time Bitcoin saw $50,000 was in mid-May, just after Tesla CEO Elon Musk said his company would no longer accept Bitcoin as payment

Liquid Exchange Hacked, Loses Nearly $100 Million

A crypto exchange known as Liquid – which is based in Japan – has been hacked, leaving it short of nearly $100 million in digital funds. Liquid Has Lost a Lot of Money The hackers involved in the incident have allegedly taken as much as $97 million in digital currency at the time of writing. Several assets – including bitcoin, Ethereum and Litecoin – have been stolen. Liquid has reported that the hacker is allegedly transferring this money to as many as four separate wallets. The company posted a statement

Mike Novogratz Has Big Bitcoin Plans Despite Recent String of Losses

Despite a string of heavy financial losses, Mike Novogratz – the head of Galaxy Digital Holdings Ltd – is remaining positive about bitcoin and the growing digital finance space. Mike Novogratz Is Looking to Start a Bitcoin ETF In a recent interview, Novogratz has revealed that his company has applied with the Securities and Exchange Commission (SEC) to begin a bitcoin-based exchange-traded fund (ETF), which has arguably been the object of many crypto companies’ affection over the past four years. While no company has ever come close to getting a