The Value of the Cryptocurrency Market Has Increased by $ 300 Billion! Bitcoin Is Pushing the 50.000 Dollar

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BTC, aiming for $50,000, and ETHthe value of the crypto currency market has increased by 7.5 billion dollars since yesterday’s low, as it increased by 300% daily.

After yesterday’s big crash, the leading cryptocurrency Bitcoin (BTC), which jumped and raised about $8,000. On the other hand, it is the second largest cryptocurrency Ethereum and while it reclaimed the 4.200 dollar, Terra again rose to an all-time high.

Bitcoin Is Pushing the 50.000 Dollar

Crypto currency the market is known for its extremely volatile price movements, and the events of the past day were the best example of this. A good example of this is that the leading crypto currency Bitcoin, after testing the 59,000 dollar several times during the week, the price suddenly dropped to the level of 42,000 dollars.

Bitcoinafter this sharp decline in the, many industry experts and analysts began to speculate about the possible reasons for this $ 16,000 decline.

That being said Bitcoin, encountered a buying reaction after seeing the bottom level of $ 42,000 and responded positively to this reaction. The flagship cryptocurrency initially jumped as high as $47,000, and another uptick hours later took it as high as $49,700.

Bitcoin has been trading above $49,000 for some time now. However, it has not yet been able to surpass the $ 50,000 level. But BTC, which recorded an increase of over 5% during the day, and its market capitalization rose well above $900 billion.

Altcoins Have Turned Green Again Yesilmaz

Altcoins suffered even more than Bitcoin yesterday. Ethereum declined from about $ 4,700 to $ 3,500. Now, however, the second-largest cryptocurrency is trading around $4,200, after a 7.5% daily increase.

Binance Coin it also fell hard, but a similar increase pushed it above $ 570. Solana (3%), Cardano (2%), Polkadot (2%) and Shiba Inu (5%) also see some daily gains.

On the other hand Ripple There are even more impressive increases in (12%), Dogecoin (8.5%) and Terra (30%). As a result, LUNA has previously set a new all-time record of just under $80.

Terra Increased by 30%

The other crypto currencies that have experienced the most increases in the last 24 hours are as follows;

Livepeer (22%), Loopring (20%), Elrond (20%), Quant (18%), Decentraland (18%), Enjin Coin (17%), Holo (16%), THORCHAIN have seen more daily increases. (15%), The Sandbox (12%), Helium (12%).

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