Bitcoin price hits $50,000 again as major cryptocurrencies rebound

2021-9-3 14:36

BTC price breached the $50,000 hurdle, with bulls able to test the $50,200 zone amid a broader market rally

Bitcoin price has broken above the $50,000 level once again after bulls helped it rally by more than 5% during early trading on Thursday.

The price of the pioneer cryptocurrency rose to highs of $50,200 in the morning before bulls ran into some resistance, data from CoinGecko shows.

The upside represents another attempt by bulls to turn bullish above the $50,000 zone. The previous move above the stubborn supply zone failed when BTC price corrected after reaching $50,505 on 23 August.

BTC is trading around $49,800 at time of writing, with investors keen on locking up profits, contributing to the decline below the psychological barrier.

According to crypto analyst Michaël van de Poppe, the supply wall just above $50,000 represents the "final barrier" before prices rally to the next resistance around $57,000. The analyst however highlights two possible bear targets if BTC fails to move higher, with the first support likely at $44,586.

The cryptocurrency could drop to the $36,500 zone if the above price level fails to provide a buffer, the chart the analyst shared on Thursday.

Van de Poppe nonetheless expects large-cap altcoins to rally as money flows into the market on the back of Bitcoin (BTC) and Ethereum (ETH) rallying.

Probably we'll see the money go through the coins once again.

First, #Ethereum and #Bitcoin run.

Then the large caps start running etc.

Quite simple.

— Michaël van de Poppe (@CryptoMichNL) September 2, 2021

Ethereum is trading around $3,740, 5.7% up in the last 24 hours, according to CoinGecko. The cryptocurrency has tested intraday highs of $3,828 and remains in an uptrend that could see ETH/USD target $4,000 this week.

Another top performer has been Cardano (ADA), the third-largest cryptocurrency, with a market cap of $97 billion. ADA price has gained nearly 7% in the past 24 hours, although its price is currently around $3.04 after declining from the new all-time high of $3.09 reached today.

Other coins that have seen significant gains on the day are XRP and Dogecoin, up 6% and 7% respectively.

The post Bitcoin price hits $50,000 again as major cryptocurrencies rebound appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

ETH/LINK Price Action Candlestick Set (LINKETHPA) на Currencies.ru

$ 467.1 (+0.48%)
Объем 24H $0
Изменеия 24h: 0.85 %, 7d: 17.53 %
Cегодня L: $453.49 - H: $467.1
Капитализация $0 Rank 3676
Доступно / Всего 0 LINKETHPA

price cryptocurrencies major bitcoin rebound again hits

Источник: coinjournal.net

price cryptocurrencies → Результатов: 126


Фото:

Buying Items and Services With Bitcoin: A Look at Crypto Asset Accepting Merchants in 2021

While the price of bitcoin and numerous cryptocurrencies have jumped in value, a great number of merchants have been willing to accept digital currencies for goods and services. These days a crypto proponent can buy literally anything with their crypto assets and some of these items are very unique and extraordinary. Crypto Spenders Can Build […]

2021-1-24 06:45


Фото:

Ethereum 2.0 Staking Contract Garners Over Two Percent of Total Circulating Supply

Even before climbing to a new all-time high price for the first time in three years, Ethereum had been one of the most-talked-about cryptocurrencies and blockchains in the industry. The ETH 2. 0 staking contract — the deposit address containing the ETH dedicated to validating its new Proof-of-Stake network — has surpassed another milestone.

2021-1-20 17:24


Фото:

Chiliz (CHZ), Curve DAO (CRV), TomoChain (TOMO) price analysis

Persistent price volatility in Bitcoin (BTC) price action and other similar cryptocurrencies indicates a potential need for stablecoins and other less volatile digital currencies.  Fundamental analysis: Altcoins may prosper Bitcoin has been on a frenzy over the past year, however, its high volatility and the need for less volatile cryptocurrencies are being mentioned again among […] The post Chiliz (CHZ), Curve DAO (CRV), TomoChain (TOMO) price analysis appeared first on Invezz.

2021-1-15 19:24


Фото:

Chainlink Posts “First Death Cross” Seen Since 2018 Against Bitcoin Pair

Chainlink has seen some mixed price action as of late, with bulls unable to gain a decisive edge over bears as the entire market turns lower. LINK isn’t the only cryptocurrency that has been struggling to gain any bull-favoring momentum, as most other cryptocurrencies have also seen some intense selling pressure that has slowed their […]

2020-12-12 02:00


Фото:

Increase Your Potential Profit With the Margin 2X Feature on Remitano Invest

PRESS RELEASE. With the steady rise of Bitcoin price in recent days, this is arguably one of the best periods for Bitcoin trading and other cryptocurrencies. However, not all willing investors have enough capital to invest in the crypto market and although sometimes it is good to start small, investors who start with small capital […] The post Increase Your Potential Profit With the Margin 2X Feature on Remitano Invest appeared first on Bitcoin News.

2020-12-2 07:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum gains 7% to surpass $3.3K: what analysts are saying

Ethereum has jumped by more than 7% in the past 24 hours to break above $3,350. The top altcoin’s price gains come after Bitcoin spiked to its highest-ever mark above $98k on Thursday morning. While ETH has failed to master a significant rally in the wake of Bitcoin’s surge in the past month, the market’s […]

Bitcoin And Ethereum Now Treasury Reserves For International Healthcare Group Cosmos

In the wake of President-elect Donald Trump’s victory on November 5, there has been a notable surge in interest surrounding Bitcoin (BTC) and other digital assets. This trend is prompting global firms and governments to explore integrating leading cryptocurrencies into their treasury reserves, a shift that reflects a broader acceptance of digital currencies, particularly in the […]

Spot Bitcoin ETFs see negative day with $400.6m net outflows

Spot Bitcoin exchange-traded funds in the United States experienced an outflow day on Nov. 14, ending their six-day inflow streak that had brought over $4.73 billion into the funds. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded…