Bitcoin Back Over $50K
Over $51K to be exact – and no telling what we may see here in the next few days and week or two before Christmas. I wasn’t one of them but hopefully some here were able to get some of that cheap crypto!
Crypto Market Cap Recovers $200B in a Day as Bitcoin Reclaims $50K (Market Watch)
“The past several days didn’t go well for the primary cryptocurrency. As reported on Saturday, the asset plummeted by $16,000 in a matter of hours to a two-month low of $42,000.
It tried to recover on Sunday with a pump towards $50,000, but the bears didn’t allow a price jump over that level. The subsequent rejection drove it south to $47,000 once more.
However, the bulls have stepped up since then. As a result, bitcoin initiated an impressive leg up, reclaimed $50,000, and currently stands even above $51,000. This means that the asset is up by more than $4,000 since yesterday.
Consequently, its market capitalization has neared the coveted $1 trillion mark once more, while the dominance over the alts has further been reduced to just over 40%.”
