Bitcoin Eyes At $50K And Ethereum Trying To Stay Above $4000


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In the past few hours, cryptocurrencies have broadly colored green, with the majority of cryptocurrencies charting significant gains.

It appears that the bitcoin price is currently targeting the $50K level, while Ethereum closed yesterday’s candle above $4K.

Bitcoin eyes on 50 thousand dollars:

Earlier we mentioned that the price of Bitcoin managed to recover $3,000 in 24 hours, and it seems that the good news does not stop there.

Today, the market is once again painted green, pushing the major cryptocurrency towards the psychological and technical resistance at $50,000.

At the time of writing, Bitcoin is trading at just under $49,000, up 0.1% in the past 24 hours and 2.06% in the past seven days.

It is also worth noting that the past few days have failed to rebalance the total market capitalization because the dominance of Bitcoin which is a measure of Bitcoin’s share relative to the entire market share, remains unchanged at around 40%.

Ethereum seeks to reclaim the $4,000 level:

Ethereum has also benefited from the market recovery over the past few days.

The value of the second largest cryptocurrency rose to reach 4000 dollars this morning, after which it fell to its current price, which is estimated at less than 4000 dollars.

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Source: quantifycrypto

As shown in the heat map above, the market has recovered in the past 24 hours.

Data from CoinGecko shows that on the last day, the top gainer was SPELL, with a gain of 17.8%, followed by MIOTA with 15.9%.

Among the top 10 cryptocurrencies by market capitalization, the LUNA cryptocurrency is up 13%, and XRP is up 5%.

The digital currency “LUNA” was the most prominent currency present this month, as it rose to new all-time highs and is currently looking at the $100 level.

Read also:

Another Defi Protocol Falls Victim of Exploit…and Its Digital Currency Collapses by 95%

Kraken acquires a staking crypto platform to expand its services

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