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.
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.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in CRYPTO MONDAY, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Uruguay Incorporates Cannabis Clinic into the Health System
Since its legalization in 2013, cannabis has aroused the interest of many Uruguayans, especially those of legal age, because it...
Bitcoin’s Price Forecast: Novogratz Recommends Buying on Price Decline
Although Bitcoin remains in an uptrend, some experts believe that now is not the time to follow Michael Novogratz's suggestion...
Rich Countries Have Only Donated 13% of the Vaccines Pledged
As for Pfizer-BioNTech, AI claims that it has supplied Sweden (10 million inhabitants), nine times more vaccines than all low-income...
Allianz Morocco Enters the Capital of EMOB
Allianz Morocco has become a 33% shareholder in EMOB's capital. The company is positioned on the electric and eco-responsible mobility...
70% of Consumers Want More AR Advertising: Will You Give it to Them?
A recent survey by Ericsson’s mobile ads division, Emodo, has revealed that a majority of consumers now prefer AR advertising...
Biotech2 weeks ago
iDoctus, Accelerating Digital Health to Grow 50% by 2021
Cannabis2 weeks ago
Recreational Cannabis in Argentina, an Unavoidable Debate for the Congress in the Making
Featured2 weeks ago
Many ESG and Climate Funds with Greenwashing Problem, Study Says
Featured2 weeks ago
The Fintech Ecosystem in Latin America is Strongly Developing: Finnovista