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Bitcoin’s Price: BTC Breaks the $45,000 Mark

Since the low in mid-July, when the price of Bitcoin was below $30,000, it is finally going up. Even though the flagship of cryptocurrencies was still struggling and repeatedly failed at resistance, BTC is on the upswing. A few hours ago, the largest asset broke through the magic $45,000 mark. Even though it has now dropped a bit again, things are still looking good.

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Cryptocurrencies are currently bullish and almost all of them are gaining. BTC has stepped on the gas and the price of Bitcoin was able to break through the magic mark of $45,000. Dogecoin also gained a whopping 25% and Ethereum was able to climb up as well. Basically, almost every cryptocurrency made excellent gains this weekend.

If you want to find more details about the price of Bitcoin and to be the first to find the latest market updates and the most important business news in the world, download for free our companion app, Born2Invest.

Bitcoin price breaks through resistance

In addition to Dogecoin, which is up 25%, Ethereum has also performed well. With the Dogecoin high, the token has surpassed a three-month record. BTC, however, has finally broken through critical resistance and was at a price of $45,000. However, almost all other altcoins are also in the green, ensuring that we can relax a bit this weekend.

Since the low in mid-July, when the price of Bitcoin was below $30,000, it is finally going up. Even though the flagship of cryptocurrencies was still struggling and repeatedly failed at resistance, BTC is on the upswing. A few hours ago, the largest asset broke through the magic $45,000 mark. Even though it has now dropped a bit again, things are still looking good. Currently, BTC stands at $44,798 and is holding its own.

Meanwhile, the numerous bitcoin news shows that the bulls have helped break one resistance line after another. In the last few days alone, BTC rose to over $40,000, setting a record after spending the last three months driving the price lower and lower. Now, BTC has risen to $45,000 for the first time since mid-March, bringing its market capitalization to $850 billion.

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Up by $15,000 within three weeks

At the same time, this also means that the price of Bitcoin has risen by more than $15,000 within three weeks. However, as we reported yesterday, large investors (between 100 and 10,000 BTC) have also refused to take profits. As analytics firm Satisment said, these large investors hold more than nine million Bitcoins. An all-time high, which has not occurred before.

ETH and DOGE also make decent gains

However, the Bitcoin news does not only show that the Bitcoin price rose significantly. ETH and DOGE are also making good gains. Ethereum climbed to over $3,000 and currently stands at $3,152. Thus, ETH is up 22% in the last seven days. However, Doge was the token with the highest gains, gaining 25%. It really exploded and is currently at $0.2437.

Other meme coins also managed to make remarkable gains. For example, Shiba Inu, which climbed a full 26%. Furthermore, Binance Coin gained 2.5%, Cardano 3.5%, Bitcoin Cash 2%, and Ripple 8% in the last 24 hours.

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(Featured image by Tima Miroshnichenko via Pexels)

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Arturo Garcia started out as a political writer for a local newspaper in Peru, before covering big-league sports for national broadsheets. Eventually he began writing about innovative tech and business trends, which let him travel all over North and South America. Currently he is exploring the world of Bitcoin and cannabis, two hot commodities which he believes are poised to change history.