CryptosPrediction/Analysis

Bitcoin captures $ 50,000 position, BTC Market Cap Approaches $1,000 Billion

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Bitcoin’s price broke through the $50,000 mark on Monday, August 23rd, and has risen nearly 3% in 24 hours. The market cap for the crypto asset today is $ 942 billion.

Bitcoin prices have surpassed $ 50K for the first-time since April.

Bitcoin (BTC) managed to get past the $ 50,000 zone and recently hit a high of $ 50,662 per unit. The crypto asset’s overall value is slowly approaching $ 1 trillion. It currently stands at $ 942 Billion.

$ 33.6 billion in worldwide BTCIn the last 24 hours, bitcoin has seen trading and has gained 14.5% over the past two weeks. Figures for the seven-day period show statistics BTCThe crypto asset has risen more than 6% since the beginning of this year and has grown 329% since then.

Bitcoin Captures $ 50,000 Position, BTC Market Cap Approaches $ 1,000 Billion
BTC/ USD via Bitstamp on Monday 23 August 2021.

Attached (USDT) is BTCWith 57.9% of all bitcoin trades in the last 24hrs. Next are the pairs USD (13.16%), BUSD (5.41%), JPY (44.44%), EUR (3.19%), KRW (3.10%) and JPY (4.44%).

Some of the best Bitcoin (BTC) exchange today the most BTCThe volume includes Binance and Coinbase, Kraken Kraken Bitstamp, Bitstamp, Etoro, Coinbase, Coinbase, Kraken, Bitstamp, Bitstamp, and Etoro. With bitcoin’s rise above the $50,000 handle, 42.3% of the crypto market cap now has bitcoin as the dominant asset.

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Crypto Prices Get ‘Another Weekend Pull’

Simon Peters, an Etoro crypto-asset analyst, explained to Simon Peters that Paypal’s recent entry in the UK may have pushed up the price.

“Bitcoin has crossed $ 50,000 for the first time since May of this year as Paypal announces the buying and selling of crypto in the UK,” Peters said in a note to Bitcoin.com News.

“Paypal has [delayed] its launch of buying and selling crypto in the UK for some time, but today announced its intention to allow UK-based users to buy and sell crypto tokens from this week, ”continued the Etoro analyst. “Users can hold a range of four crypto assets: bitcoin, ethereum litecoin, litecoin, and bitcoin cash. However, it’s not yet clear if the company will allow them to make payments in those cryptos.

Peters said:

The price of BTCThe crypto asset has experienced a rapid rebound in the last few days of July. It has been an emotional rollercoaster ride in 2021. [Bitcoin]Last week, the trading opened in the mid range $ 46,000 and fell to $ 44,000 by Thursday. It has seen another increase over the weekend, moving from $ 44.177 to $ 50.147 at the time this article was written.

With BTCAnalysts and traders will be closely watching for any increase in the price of above $ 50,000 during the week. Some expect BTCSome believe that the stock market will continue to decline, while others believe that there is a double bubble’. BTCBy the end, the record $ 64,000 will be broken. Although no one can predict what the future holds, forecasts that project the latter scenario are likely to come true if bitcoin prices continue their upward trend.

What do you think about Bitcoin crossing the $50,000 mark for the first time since a few months? Please comment below to let us know your thoughts on this topic.


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