Bitcoin prices today exceeded $ 52,000, rising for the first time in three months and Ether rising.Top encryption rate

Bitcoin on Tuesday, 0803 hours, IST was trading at $ 52,690.46, up 1.78%. However, the market capitalization of the largest currency was $ 899.85 billion. Bitcoin, Ethereum and Cardano were all trading green. Ethereum was up 0.45% to $ 3,944.58 and Cardano was down 0.91% to $ 2.87. The big news that is said to have led to a sharp rise in Bitcoin prices on Tuesday is as El Salvador buys the first 400 Bitcoins and the country is approaching Tuesday’s deadline to make Bitcoin official. The currency, President Nayib Bukele, who plans to buy “more” soon, tweeted on Monday.

“El Salvador has just bought the first 200 coins. Brokers will buy more coins as the deadline approaches,” Bukele said in a series of tweets on Monday.

Besides Bitcoin and Ethereum, other cryptocurrencies such as Binance Coin and XRP were traded in green. Binance Coin was trading at $ 504.68, up 1.10%, while XRP was trading at $ 1.38, up 4.32%.

“Bitcoin formed a channel pattern in a weekly time frame. It is currently trading near the lower trend line of the channel, which favors risk rewards for new investors. Support is on the lower trend line. Expected at the level of $ 35,000 towards and resistance expected at $ 110,000 towards the uptrend line. In past cycles, EMA 21 in the weekly time frame is for predicting crypto market trends. It was one of the key indicators. If Bitcoin maintains an EMA of 21 days or more in the weekly time frame, we can see that Ethereum will outperform Bitcoin and set new highs. Cardano, Solana, Avalanche, Some of the interesting infrastructure projects for smart contracts such as EOS could outpace Bitcoin next week, “said Siddharth Menon of COOWazirX.

The market capitalization of the world’s cryptocurrencies is $ 2.37 trillion, an increase of 1.62% from the previous day. The market capitalization of cryptocurrencies over the last 24 hours was $ 140.29 billion, an increase of 18.93%. The total amount of DeFi is currently $ 19.34 billion, which is 13.78% of the total amount of the 24-hour crypto market. The volume of all stablecoins is currently $ 108.12B, which is 77.07% of the total 24-hour volume of the crypto market. On the other hand, Bitcoin’s dominance is currently 41.68%, an increase of 0.04% in one day.

“The crypto market tycoon has begun to integrate. Both Bitcoin and Ethereum have formed a doji candle on the daily time frame price chart. It was that the market did not have a clear direction of momentum. Following the integration between major cryptos, some altcoins that appeared to be on steroids after BTC reached $ 50,000 lost momentum and sold out, but ease of use. Solana, the closest rival to Ethereum in terms of It was the third highest after. It shows that investors are still quite bullish on Solana. The global crypto market value exceeds $ 2.35 trillion as the total trading volume of the entire exchange surged by more than 17%. “We did,” said Edul Patel, CEO and co-founder of the Mudrex-A Global Crypto Trading Platform.

Here are the top cryptocurrencies and their prices as of September 7, 2021 (data from in the article)

Bitcoin $ 52,690.46 or (+1.78%) change in 24 hours

Ethereum $ 3,944.58 or (+ 0.45%) change in 24 hours

Cardano $ 2.87 or (-0.91%) change in 24 hours

Binance Coin $ 504.68 or (+1.10%) change in 24 hours

Tether $ 1.00 or (-0.04%) changes in 24 hours

XRP $ 1.38 or (+ 4.32%) change in 24 hours

Solana $ 174.84 or (+ 22.40%) change in 24 hours

Dogecoin $ 0.3076 or (-1.92%) change in 24 hours

Polka Dot $ 34.65 or (+1.87%) change in 24 hours

Changes in US Dollar coins $ 0.9996 or (+ 0.01%) over the last 24 hours

Uniswap $ 29.29 or (-1.36%) changes in 24 hours

Chainlink $ 34.83 or (5.24%) change in 24 hours

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Bitcoin prices today exceeded $ 52,000, rising for the first time in three months and Ether rising.Top encryption rate

Source link Bitcoin prices today exceeded $ 52,000, rising for the first time in three months and Ether rising.Top encryption rate

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