Tag: BCHUSD

Bitcoin Taps $50K After Surging $4,000: Crypto Market Cap at 3-Month High

by CryptoPotato

After a few consecutive days of losing value, bitcoin skyrocketed by more than $4,000 in the past 24 hours and broke above $50,000. Most altcoins are also in the green, with ETH eyeing $4,000 and Cardano marking a fresh ATH above $3.

Bitcoin Tapped $50K

The primary cryptocurrency had its fair share of struggles in the past week or so. It briefly surpassed the $50,000 mark last Monday, but the bears didn’t allow any further gains.

Just the opposite, they pushed the asset south in the following days. Aside from a few unsuccessful breakout attempts, BTC was mainly losing value. This culminated yesterday when the cryptocurrency fell to a multi-day low of $46,500 (on Bitstamp).

The situation quickly changed at that point, though. Instead of falling further, bitcoin started to increase in value rapidly. It added more than $4,000 in a day and spiked above $50,000 once again.

Despite retracing with a few hundred dollars since the intraday peak, BTC still remains above $50,000 as of writing these lines. Furthermore, its market capitalization has increased to nearly $950 billion.




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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Altcoins in Green; ETH Neared $4K

It’s safe to say that the alternative coins have outperformed their leader in the past week or so. This is why the BTC dominance has declined rather significantly in this period.

Ethereum has been at the forefront as it pumped from $3,100 to $3,600 in just a few days, as mentioned yesterday. The past 24 hours saw even more gains for the second-largest crypto, which went to an intraday high of $3,850. Despite retracing by $100 since then, ETH is still more than 6% up on the day.

Another notable performer as of late – Cardano – didn’t disappoint as it broke above $3 for the first time ever to set a fresh all-time high.

More gains from the larger cap altcoins are evident from Binance Coin (4%), Ripple (5%), Dogecoin (7%), Solana (5%), Polkadot (6%), and Chainlink (7%).

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto


FTT – the native cryptocurrency of the FTX exchange – has surged the most in a day. A 33% pump has driven the asset to $67.

IOTA (24%), Fantom (20%), VeChain (12%), XinFin Network (11%), Telcoin (10%), and TRON (10%) complete the double-digit price increase club.

As such, the cumulative market capitalization went to a multi-month record of its own at well over $2.2 trillion after gaining $150 billion since yesterday’s low.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.




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Ethereum (ETH) Spikes 5% to 3-Month Highs: Bitcoin Consolidation Continues (Market Watch)

by CryptoPotato

Following the latest dump below $47,000, bitcoin has actually regrouped and added more than $1,000 in value. Nevertheless, some alternative coins continue to outperform BTC, including SOL, with its latest record, and ETH, which pumped by 5% in a day.

Another Day Another SOL Record; ETH Jumps 5%

While most altcoins have been stalling lately, Solana has taken the spotlight all for itself. SOL’s performance in the past few weeks has been nothing short of spectacular.

Consecutive all-time highs and breaking above certain milestones is something the cryptocurrency community has grown accustomed to. The 24 hours didn’t disappoint. After conquering $100 yesterday, it only kept climbing and tapped $120 for the latest record.

Ethereum has also performed well since yesterday as it added more than 6% of value and came close to $3,400.

Polkadot (11%) and Uniswap (6.5%) are also well in the green, while Cardano, Binance Coin, Dogecoin, and Bitcoin Cash have marked minor losses.




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Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto


Celo is the most significant gainer yet again, with a 70% surge to $7. This comes after a recent announcement about a $100 million adoption initiative spearheaded by the project.

More gains are evident from Arweave (35%), Harmony (45%), Cosmos (25%), Fantom (21%), Kusama (11%), Elrond (11%), and Amp (10%).

Consequently, the cumulative market cap has added around $50 billion in a day and is just shy of $2.1 trillion.

Bitcoin Nears $48K Again

While some of the alternative coins are charting fresh records, the primary cryptocurrency has struggled lately. It failed to remain above $49,000 during the weekend, and the bears took advantage to push it south again.

This resulted in breaking below $48,000 and $47,000 hours ago. In fact, BTC went as low as $46,730 (on Bitstamp) earlier today.

Since then, though, the situation changed to a large extent, and bitcoin spiked by more than $1,000. As a result, it came close to $48,000, but so far has failed to overcome it.

Its market capitalization is still stuck at $900 billion, but the dominance over the altcoins keeps decreasing and is below 43% as of writing these lines.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

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Bitcoin Around $48K as Solana (SOL) Hits $100 (Market Watch)

by CryptoPotato

After another unsuccessful attempt to spike above $49,000, bitcoin has dropped again to around $48,000. Most alternative coins have charted minor losses again, aside from Solana. Once more, SOL has outperformed most tokens and tapped $100 for its latest ATH.

Bitcoin Stands Around $48K

The past week was quite volatile for the primary cryptocurrency. Last Monday, it skyrocketed above $50,000 for the first time in over three months.

As the bulls were preparing for another leg up to reclaim other levels, the situation changed, and BTC started to lose value. This resulted in a substantial drop to around $46,300 on Thursday and Friday.

After this $4,000 decline, though, bitcoin headed north again and came close to the $50,000 mark on Sunday. However, to no avail, as it failed on two occasions.

The subsequent rejection from the second attempt drove it south to its current level of around $48,000. Consequently, its market capitalization stands at $900 billion and its dominance over the altcoins at 43.5%.




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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Alts Stall But Not SOL

Most altcoins are also in the red on a 24-hour scale. Ethereum has failed to remain above $3,200 and has fallen beneath that level after a 1% decline. Ripple has seen similar a movement as well, while Cardano and Dogecoin are slightly in the green.

Binance Coin (-2%), Polkadot (-4%), Bitcoin Cash (-4%), and Litecoin (4%) have lost a bit more value, while LUNA has plummeted by 8% in a day. This comes just a day after the asset marked another all-time high above $36.

One coin that also painted a new record yesterday, but it’s not in the red today, is SOL. It continued with its impressive performance and registered a fresh ATH hours ago at just over $100.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto


More gains come from Revain (50%), Fantom (40%), The Sandbox (21%), Flow (16%), Perpetual Protocol (15%), Decentraland (12%), and ICP (10%).

The cumulative market capitalization of all crypto assets has lost some ground and is currently just below $2.1 trillion.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.




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Bitcoin Tapped $49K as Crypto Markets Recover $100 Billion (Weekend Watch)

by CryptoPotato

Following a few days of price declines, bitcoin has bounced off and jumped to around $49,000. Most alternative coins have also reacted well to the recent slumps, with impressive increases now. ADA leads the pack with a 10% surge to above $2.8.

Bitcoin Touched $49K

As reported by CryptoPotato, the past few days didn’t go well for the primary cryptocurrency. It had failed to remain above $50,000 after it breached that level for the first time since mid-May and the bears had a grip on the market.

They pushed the asset south, and BTC was gradually dipping in value. This resulted in two consecutive drops to around $46,300 on Thursday and Friday.

However, the situation quickly reversed following the daily low yesterday, and bitcoin started to recover some ground. It reclaimed $47,000, did the same with $48,000, and just a few hours ago spiked above $49,000.

As of now, it has retraced slightly and stands just beneath that level, but its market capitalization is well above $900 billion.




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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView. Source: TradingView

Altcoins See Nothing But Green

Somewhat expectedly, when BTC was heading south, so did the alternative coins. Ethereum dropped from $3,360 to below $3,100. As of now, though, it has recovered more than $150 of value, despite the recent bug in the blockchain.

Cardano has stolen the show once again with a near 10% surge on a 24-hour scale. As such, ADA has risen above $2.8 after dropping below $2.6 just days ago.

Binance Coin (2.5%) stands close to $490, Polkadot (4.5%) has neared $26, Uniswap (5%) is above $27, and Bitcoin Cash (3.5%) is at $630.

Even more impressive gains are evident from Ripple (6%), Dogecoin (6%), LUNA (6%), and Solana (8%). Interestingly, SOL has charted yet another all-time high – this time, just shy of $90.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto


In the past 24 hours, CELO has outperformed all other top 100 coins. It has skyrocketed by more than 50% to near $5. Arweave follows with a spectacular 30% surge to $37.

ICP (18%), Helium (16%), Tezos (13%), Kusama (12%), and Bitcoin Gold (12%) are next.

Ultimately, the cumulative market cap of all cryptocurrency assets has recovered $100 billion in a day to $2.1 trillion.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.




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PayPal Extends Bitcoin and Cryptocurrency Service to the UK

by CryptoPotato

The San Jose-based online payments giant PayPal is launching its cryptocurrency services in the United Kingdom less than a year after the company first introduced the feature in the United States.

  • Eligible customers in the UK will be able to buy, sell, and hold bitcoin and other cryptocurrencies through the PayPal platform beginning this week.

  • According to the online payment processor, UK Residents can purchase bitcoin (BTC), ether (ETH), litecoin (LTC), or bitcoin cash (BCH) for as low as £1.

  • The announcement marks PayPal’s first International expansion of its crypto buying and selling services. The company first made the feature available to US customers in November 2020.

  • Furthermore, the payment processor will continue to use regulated crypto company Paxos for its services in the UK. Meanwhile, the current expansion could mean more exposure and adoption of crypto assets.

  • Indeed, PayPal earlier stated that it was making plans to extend its digital asset buying and selling services globally.

  • Since the initial announcement of its foray into crypto back in October 2020, the company has seen massive crypto engagement on its platform and recorded impressive results.

  • In July, the firm increased the purchase limit for US residents to $100,000 weekly while eliminating monthly and yearly limits. Pay Pal earlier introduced the Crypto Checkout Service to enable customers to pay with virtual assets at millions of its merchants worldwide.

  • Meanwhile, the company’s expansion into the UK comes as the country’s Financial Conduct Authority (FCA) is wielding its regulatory hammer on unregistered exchanges.

  • However, according to Jose Fernandez da Ponte, head of PayPal’s crypto and blockchain division, the payments processor has established “strong regulatory relations.”

  • PayPal is also working to boosting its crypto services for clients, with the planned launch of a ‘Supper App Wallet‘ in the US. The company is also reportedly working on setting up a cryptocurrency team in Ireland.

  • Customers are, however, still not allowed to withdraw their digital assets from PayPal, although the firm promised it is working on enabling such functionality.


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Cardano (ADA) Sets New All-Time High as Bitcoin Reclaims $49K: Weekend Watch

by CryptoPotato

Following a sharp retracement below $49,000, bitcoin has rallied up and reclaimed that particular level. Most altcoins have stalled since yesterday, except for Cardano. ADA has painted another fresh all-time high above $2.6.

ADA’s Latest ATH; Alts Calm

The alternative coins were all covered in green yesterday with impressive gains across the charts. Ethereum briefly exceeded $3,300 but has retraced slightly since then and currently sits below that level.

Binance Coin, which tapped a new three-month high at over $460, is down a bit to $455. Ripple (-1%), Dogecoin (-2.5%), Polkadot (-3%), Uniswap (-2%), Bitcoin Cash (-1%), and Chainlink (-2%) have also corrected slightly in a day.

Solana has lost the most value (-5%) after it charted an ATH yesterday. Speaking about records against the dollar, ADA has done that today following a 5% surge to just over $2.6. Cardano’s native coin is 160% up since the July 20th market correction when it dipped below $1.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto





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More impressive gains are evident from the lower- and mid-cap altcoins. NEAR Protocol (30%) leads the charge, followed by THORChain (18%), Cosmos (16%), Fantom (13%), Enjin (11%), Chiliz (10%), and Filecoin (10%).

The cumulative market capitalization of all cryptocurrency assets has remained relatively stable as well and stands above $2.1 trillion.

Bitcoin Stands Above $49K

The primary cryptocurrency has also been a notable performer in the past few days. Back on August 19th, it struggled when it dropped to $44,000.

However, the landscape changed entirely at that point, with the bulls taking charge and sending the cryptocurrency north. Bitcoin added several thousand dollars of value and stood at $47,000.

That was not all as BTC initiated another leg up, this time, it went above $49,000 as reported yesterday. The bears briefly regained control and pushed it south by $1,000. Nevertheless, bitcoin went north again and came just $200 away from touching $50,000. This became its highest price line in three months.

As of now, BTC stills stands above $49,000, and its market capitalization is at $925 billion.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

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Bitcoin Neared $50K: Highest Since May and 51% Monthly (Weekend Watch)

by CryptoPotato

Bitcoin initiated another impressive leg up in the past 24 hours resulting in breaking above $49,000 for the first time since mid-May. The alternative coins have joined the ride with notable gains, including an 8% surge from BNB and 10% increases from Polkadot and Solana.

Bitcoin Neared $50K

It was just two days ago, on August 19th, when the situation in the bitcoin landscape seemed rather negative. The asset had lost several thousand dollars of value in hours and had fallen below $44,000.

However, this is where it all changed as the bulls came to play. A day later, BTC spiked back up by around $3,000, as reported yesterday, and touched $47,000. Although this was an impressive price increase of its own, the cryptocurrency had more to offer.

It kept climbing and reached $48,000. Unlike the past two attempts to overcome this particular level, this time turned out to be a success. Moreover, BTC continued north and even broke above $49,000 to a daily peak of over $49,400 (on Bitstamp). This became its highest price line since the mid-May crash.

As of now, bitcoin still stands at around $49,000. Looking on a more macro scale, this means that BTC is up by about 50% since the start of the month. Its market capitalization is well above $900 billion, and Its dominance over the alts has also recovered slightly after the recent drops.




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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Altcoins in Green; BNB 8% Up

The alternative coins see nothing but green today, as well. Interestingly, Ethereum is among the most modest performers, with a 2.5% increase. As a result, ETH trades just shy of $3,300.

Cardano, which spiked to a new all-time high yesterday at $2.58, has remained close to $2.5. Ripple (2.5%) and Dogecoin (3%) have also increased by similar percentages.

Binance Coin, which has been outplaced by ADA as the third-largest cryptocurrency, is 8% up on the day. As a result, BNB tapped a multi-month high of its own at $460.

Solana has charted a new all-time high of approximately $80 after an 11% surge. More impressive gains from the larger-cap alts come from Polkadot (10%), Uniswap (6%), Bitcoin Cash (6%), and Chainlink (8%).

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto


Avalanche (25%) is the best performer from the top 100, followed by Telcoin (15%), Bitcoin Gold (15%), Synthetix (15%), Polygon (13%), and ICON (12%).

The crypto market cap is up by about $100 billion to a multi-month record as well at over $2.1 trillion.

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Cardano Explodes 18% to New ATH as Crypto Market Cap Reclaims $2T (Market Watch)

by CryptoPotato

Bitcoin reacted rather well to the drop to $44,000 and added $3,000 of value in hours. Some altcoins, though, have outperformed their leader again, including Cardano. ADA exploded by about 20% earlier and charted a new all-time high above $2.5.

ADA’s New ATH And Alts in Green

It’s safe to say that Cardano’s native cryptocurrency has been among the best performers lately. Back on July 20th, ADA dropped below $1 briefly during the market correction, but since then has been on a tear. In a few weeks, it doubled its value and reclaimed $2.

Aside from a few more fluctuations down the road, it kept climbing and earlier today painted a new all-time high record of about $2.54 (on Bitstamp). Despite retracing slightly since then, ADA has solidified its position as the third-largest cryptocurrency by market cap.

Ethereum, the second-largest, is up by 7% on the day and has reclaimed $3,200. Binance Coin, despite losing its positioning to ADA, has surged by 6% to above $420.

More impressive gains from the larger-cap alts come from Ripple (10%), Dogecoin (6%), Polkadot (10%), Uniswap (7%), and Bitcoin Cash (5%). LUNA is the only one in red on a 24-hour scale as it has cooled off following the recent rally.




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Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto


Voyager Token has surged the most from the top 100 with a 40% increase. SwissBorg (25%), The Graph (19%), Helium (13%), FTX Token (12%), and Polygon (11%) are next.

The cryptocurrency market cap has increased by more than $100 billion since yesterday’s low and has reclaimed $2 trillion as of now.

Bitcoin Recovers $3K

The aforementioned retracement yesterday drove the primary cryptocurrency down to a multi-day low of around $44,000. This came after the asset failed to breach $48,000 earlier this week.

However, the bulls stepped up at that point and reversed BTC’s price trajectory. In the following hours, bitcoin started to increase in value gradually and even exceeded $47,000 briefly.

Although it has failed to remain above that price tag, it’s still nearly $3,000 up on the day. Its market capitalization has neared $900 billion once more, but its dominance has been reduced by the high-flying altcoins. The metric is down to 43.5%.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.




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Bitcoin Struggles Below $45K: ETH Stands Around $3K (Market Watch)

by CryptoPotato

The past couple of days have been a bit challenging in the crypto market, with bitcoin dropping to a new multi-day low of around $44,000. While some altcoins like ETH are also in the red, others, like ADA, SOL, and LUNA, have marked substantial gains.

Bitcoin Stands Below $45K

The primary cryptocurrency’s struggles have continued in the past 24 hours. The asset had touched $48,000 just days ago, but its inability to break further north drove it down hard.

In a matter of hours, BTC firstly dropped beneath $46,000 before losing another chunk of value and falling to $45,000, as reported yesterday.

The bulls made a brief recovery attempt that resulted in testing $46,000 once more. However, the bears came to play again and pushed bitcoin to a six-day low of just under $44,000 marked hours ago.

Although BTC has bounced off and reclaimed several hundred dollars, it still stands beneath $45,000. Its market capitalization is now below $850 billion, and its dominance over the altcoins is just under 44%.




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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

ADA 5% Up; LUNA Explodes 30%

Ethereum’s price movements have wildly resembled those of BTC in the past few days. ETH is down by a similar percentage on a 24-hour scale as well to around $3,000 after dipping below that level hours ago.

In contrast, Binance Coin, Dogecoin, Ripple, and Polkadot have charted minor gains. Cardano and Solana have resumed their recent bull runs, though.

ADA has surged by 6% and currently trades above $2.10. SOL, which recently painted consecutive all-time highs, is 5% up and has reclaimed $70.

Nevertheless, Terra has skyrocketed the most from the larger cap alts. LUNA has exploded by more than 30% in a day and 90% in a week and now trades north of $30.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto


Avalanche is the best performer from the top 100 coins with a 43% increase to $33. Audius (26%), Perpetual Protocol (22%), Cosmos (21%), Fantom (19%), Arweave (16%), Algorand (12%), and ICP (12%) follow suit.

As such, the cryptocurrency market cap has remained above $1.9 trillion, despite BTC’s drop below $45,000.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.




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Correction Time: Bitcoin Slips Below $45K, $110B Wiped Off the Total Cap (Market Watch)

by CryptoPotato

The bears have returned to the crypto market and have pushed bitcoin south to around $45,000. The alternative coins, which flew high recently, have struggled even more. ETH is close to breaking below $3,000, ADA is just above $2, and BNB is down to $400.

Bitcoin Dropped to $44.5K

Ever since the Saturday retracement in which bitcoin dropped below $46,000, the cryptocurrency’s price performance seemed rather healthy.

In fact, BTC jumped and touched $48,000 on Sunday for the second time in just a few days. However, just as it happened in the previous attempt, the bears intercepted the move and didn’t allow any further increases.

Just the opposite, bitcoin started to decrease in value rapidly and dropped below $46,000 once more. After an initial recovery attempt that failed at $47,000, though, the situation worsened.

In the following hours, the asset started falling again and dropped all the way to $44,400 (on Bitstamp). After this 5-day low, it bounced off and is currently sitting around $45,000. Nevertheless, BTC is still about 2% down on the day, and its market cap is just shy of $850 billion.




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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Blood on Alt Street

The altcoins were riding high recently, with impressive gains from quite a few of them. Ethereum, for example, surged above $3,300 a few days back. Nevertheless, ETH is deep in red on a 24-hour scale and is close to a dump below $3,000 now.

ADA was among the best performers – it briefly outplaced BNB as the third-largest crypto after reaching a multi-month high at $2.25. However, it’s now down to $2 after a steep correction.

Binance Coin has retraced below $400 following a 6% dump. XRP (-7%), Bitcoin Cash (-6%), and Chainlink (-9%) are also deep in the red. Dogecoin (-10.5%), Uniswap (-11%), and Polkadot (-10.5%) have lost even double-digit percentages.

Even Solana, which registered consecutive all-time highs, has dropped by 5.5% and is currently sitting below $70.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto


More pain comes from Audius (-20%), Voyager Token (-17%), THETA (-13%), Shiba Inu (-12%), THORChain (-12%), Kusama (-11%), and Aave (-10%).

Ultimately, the cumulative market cap of all crypto assets is down by more than $100 billion in a day to just over $1.9 trillion.

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