Bitcoin (BTC) price was back on the offensive late Sunday, touching $50,000 for the first time since May and signaling that the bull market was fast approaching its second leg.
The BTC price peaked at $50,270.00 on Bitstamp, having gained 3% on the day, according to Cointelegraph Markets Pro. The largest cryptocurrency has a total market capitalization of $943 billion.
On-chain metrics recently suggested that a supply squeeze may be imminent, with long-term holders and institutions bolstering their BTC holdings while prices remained at a discount. A series of higher lows and a positive daily close signal have carried momentum for BTC since trading in the low $30,000 range.
Meanwhile, the Bitcoin Fear & Greed Index, which is based on a multifactorial sentiment analysis, has zrcaljeno from “extreme fear” to “extreme greed” in less than a month.
Zdi se, da je trg kriptovalut ta mesec zaokrožil, pri čemer se skupna kapitalizacija kripto valute trenutno giblje pri približno 2.2 bilijona dolarjev, pravi Coingecko. Nasprotno pa je skupna kapitalizacija kriptovalut v julijskem medvedjem tržnem delovanju padla pod 1.3 bilijona dolarjev.
Povezano: Tržna kapitalizacija kripto se prvič po maju vrne na 2 TT USD
While Bitcoin initially led the crypto market recovery earlier this month, many altcoins have since surged. At the time of writing, Cardano (ADA), polkadot (DOT) in Solana (SOL) were all boasting double-digit gains for the week.
Vir: https://cointelegraph.com/news/bitcoin-price-tags-50k-for-first-time-since-may
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