Crypto Market Cap Adds $80 Billion Daily as Bitcoin (BTC) Soars Past $50K (Market Watch)

Bitcoin’s post-ETF-approval resurgence continues with full force as the asset jumped to and slightly above $50,000 for the first time in more than two years.

The total crypto market cap has increased by about $80 billion since yesterday, as the altcoins have turned green as well.Bitcoin doesn’t tend to stay calm for long, and this is what has happened in the past ten days or so. The asset traded in a tight range at around $43,000 for several consecutive days last week. That was until last Thursday morning.

At that point, the bulls initiated the first leg up, which resulted in tapping $45,000. A day later, BTC saw itself heading further north and tapped $48,000.ahead of $49,000. However, that resistance didn’t last long, and the asset broke above it in the afternoon and kept going to the coveted $50,000 level.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:past $50,000 and jumped to a multi-year peak of $50,400.

Avalanche, MATIC, and Toncoin have also jumped by more than 5% in the past 24 hours. Binance Coin, Ripple, Cardano, Dogecoin, Polkadot, Tron, and LINK are also in the green, albeit in a more modest fashion.The total crypto market cap has soared by $80 billion since yesterday and is now close to $1.9 trillion on CMC.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Crypto Bears Demolished: $87 Million Shorts Orders Disappeared From MarketBulls taking control of market with almost $90 million worth of shorts demolished
Fonte: Utoday_en - 🏆 295. / 63 Leggi di più »

Crypto firms suspend services or exit UK market due to strict marketing rulesSome crypto firms have suspended services or exited the UK market due to strict marketing rules imposed by the Financial Conduct Authority (FCA), causing concerns about the country's ambitions to become a global hub for web3.
Fonte: TheBlock__ - 🏆 464. / 53 Leggi di più »

Crypto Markets Add $60B Overnight as Bitcoin (BTC) Price Soars to Monthly Highs (Market Watch)Crypto Blog
Fonte: Crypto_Potato - 🏆 568. / 51 Leggi di più »

Crypto Market Evolution and Growth in 2023The year 2023 witnessed substantial evolution and growth in the blockchain industry and cryptocurrency asset class. This report analyzes key developments in the market, infrastructure, platforms, and applications that drove adoption. It also highlights the notable recovery in cryptocurrency prices and the factors influencing it.
Fonte: TheBlock__ - 🏆 464. / 53 Leggi di più »

Altcoins Surge in Crypto Market as Chiliz Hits Highest Value Since 2023Several altcoins, including Chiliz (CHZ), Sei (SEI), and Meme Kombat (MK), have experienced significant gains in the past 24 hours. Chiliz has reached its highest value since May 2023, driven by its unique use case in the sports industry. The token powers the Socios.com fan engagement platform, offering various benefits to users.
Fonte: Crypto_Potato - 🏆 568. / 51 Leggi di più »