Bitcoin, the world’s first and largest cryptocurrency, is back above $50,000 on Thursday. Bitcoin reached this level on August 23, before pulling back.
BTC is up 5.5% in the last 24 hours, according to CoinGecko, peaking at the local high of $50,171. With a market cap of $941.6 billion, Bitcoin currently dominates 40.6% of the market.
While this can be considered a rather positive start to a new month, historically September has been a difficult month for Bitcoin bulls.
Data from bybt.com shows that investors have suffered losses in September for the past four years in a row, with maximum monthly returns slightly exceeding 6%.
Ethereum, the second-largest cryptocurrency, is up 5.8% over the day, having re-tested levels above $3,800. At press time, ETH is changing hands at $3,742.
Meanwhile, Cardano (ADA), which climbed to the third spot last month, hit a new all-time high of $3.09 earlier today, as the network prepares for the Alonzo hard fork–an eagerly anticipated upgrade that will bring smart contract functionality.
Smart contracts are bits of code that self-execute commands and instructions under predetermined circumstances.
As revealed by IOHK, the company developing Cardano, smart contracts went live on the network’s testnet yesterday, with the mainnet rollout slated to occur on September 12.
So there we have it. Since c. 20:20 UTC today, the #Cardano Testnet now officially supports #Plutus#smartcontracts. Final testing & integrations ahead. SPOs will now upgrade their mainnet nodes. Then next stop… mainnet upgrade. Still on track for 12 September. Onward! $ADApic.twitter.com/Wl5CUpRB4L
Bitcoin breezed past $110,000 late Monday afternoon, the first time it's passed that threshold in nearly two weeks as investors looked hopefully at current talks between the U.S. and China that could ease trade tensions. And short position liquidations are piling up amid the surge.
The largest cryptocurrency by market capitalization was recently trading at about $110,100, up 3.5% over the past 24 hours. BTC has risen nearly 5% over the past seven days after dropping below $101,000 on June 5, par...
Bitcoin's implied volatility has collapsed to its lowest level in a year as tension between the U.S. and China appear to settle after a new round of negotiations began on Monday at Lancaster House in London.
The trade talks are projected to run up to at least two days, with the prospect of resuming progress from negotiations in Geneva last month which began to ease tension between the two nations. Bitcoin, meanwhile, has stayed above the $100,000 range, going up 4.5% over the month, with its pri...
Technical analysis of crypto assets can be hard—but we're here to try and make it a little easier for you. Today, we're starting with a near-death-cross experience for Bitcoin, Ethereum finding its footing despite bearish signals, and Fartcoin (yes, Fartcoin) showing strength among alts.
Let's get into it:
Cryptocurrency markets showed signs of life Monday after a prolonged 13-day correction that tested investor resolve. The total crypto market capitalization rose 1.72% over 24 hours to $3.37 tr...
