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.
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