THELOGICALINDIAN - The amount of bitcoin beyond the 50K area on Monday August 23 accretion abutting to 3 in the aftermost 24 hours The amount has not been at this akin in over two months and today the crypto assets bazaar assets is about 942 billion
For the First Time Since April, Bitcoin Prices Rise Above $50K
Bitcoin (BTC) has managed to beat the $50K area and afresh broke a aerial of $50,662 per unit. The crypto asset’s all-embracing bazaar appraisal is boring advancing $1 abundance in amount as it is currently at $942 billion.
$33.6 billion in all-around BTC swaps accept taken abode in the aftermost 24 hours and bitcoin has acquired 14.5% over the aftermost two weeks. Seven-day statistics appearance BTC has acquired added than 6% and year-to-date, the crypto asset has acquired 329%.
Tether (USDT) is BTC’s top trading brace today with 57.9% of all bitcoin trades during the aftermost 24 hours. This is followed by USD (13.16%), BUSD (5.61%), JPY (4.44%), EUR (3.19%), and KRW pairs (3.10%).
Some of the top bitcoin (BTC) exchanges today swapping the best BTC aggregate accommodate Binance, Coinbase, Kraken, Bitstamp, and Etoro. With bitcoin’s acceleration aloft the $50K handle, the crypto asset’s all-embracing ascendancy of the $2.22 abundance in absolute crypto bazaar cap is 42.3% today.
Crypto Prices See ‘Another Late-Week Surge’
Speaking with Etoro’s crypto-asset analyst Simon Peters, the analyst explained that Paypal’s contempo entry into the U.K. may accept bolstered the price.
“Bitcoin has burst out aloft $50,000 for the aboriginal time back May this year as Paypal announces crypto affairs and affairs in the UK,” Peters said in a agenda to Bitcoin.com News.
“Paypal has [delayed] its barrage of crypto affairs and affairs in the UK for some time but has today appear its ambition to acquiesce UK-based users to buy and advertise crypto tokens from this week,” the Etoro analyst continued. “Users will be able to authority a bassinet of four crypto assets – bitcoin, ethereum, litecoin, and bitcoin cash, but it is cryptic as of yet whether the close will acquiesce users to accomplish payments in said cryptos.”
Peters added added:
With BTC aloft $50K at the alpha of the week, traders and analysts will be watching to see what comes next. Some apprehend BTC to falter again, while abounding others accept that a ‘double bubble’ is due and BTC will beat the $64K best aerial by the year’s end. Of course, no one knows what will happen, but the forecasts admiration the closing book assume to be advancing to accomplishment if bitcoin prices accumulate affective northbound.
What do you anticipate about bitcoin bridge the $50K area afresh for the aboriginal time in months? Let us apperceive what you anticipate about this accountable in the comments area below.
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