The price of Bitcoin crossed $ 50,000 yesterday, and managed to revive the hopes of resuming the uptrend. As the price of bitcoin rose, so did the number of altcoins.
to the Report Coin Telegraph, buyer activity over the past day has seen the digital currency cross over $ 50,000. During yesterday’s jump, bitcoin rose to $ 51,900 and is currently trading in the $ 5,400 range.
Market data show that we have already seen a stabilization period before this price increase. In the current situation, experts and analysts are now waiting to see if the $ 50,000 support will be broken.
Since last week, when Bitcoin reached $ 40,885, we have seen a 36.8% jump in this digital currency. This growth boosted hopes of reaching $ 100,000 again. The $ 100,000 level is very important; This is because many analysts and traders have predicted that bitcoin will reach this level by the end of this year.
Bitcoin is currently worth $ 971 billion and has a 42% market share. Over the past 24 hours, we have seen a 5% growth in this digital currency. Ethereum, Binance coin and Cardano grew 3.18%, 2% and 0.1%, respectively.