The fluctuations in the cryptocurrency world have managed to make investors smile in recent weeks. Bitcoin has recently surpassed the $50,000 price level, reaching its highest level in four years. This indicates that the upward trend may return after the recent decline.
Bitcoin price crosses $50,000 again
The price of Bitcoin rose as high as $50,256, its highest level since December 2021. Although it was hovering around $ 49,000 at the time of writing, its price has gained more than 17 percent in one day.
The popular cryptocurrency’s sharp rise over the past week has led to significant gains. Accordingly, Bitcoin’s total market capitalization has approached the $1 trillion mark. The $ 50,000 limit was also accompanied by $ 191 million in liquidation in the crypto market.
Data from Coinglass showed that the largest liquidation was the sale of $ 3.89 million ETH-USD. It was also stated that more than 57 thousand liquidations were made during the day.
However, the altcoin market has also risen after the rise of Bitcoin. The price of the second largest cryptocurrency Ethereum is at $ 2630, up 8 percent. Binance’s own cryptocurrency BNB saw the price of 325 dollars.
The information written in this article is for information purposes and is not investment advice.
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