Bitcoin Soars Back Above $50,000 While Cardano Hits Another All-Time High
The post Bitcoin Soars Back Above $50,000 While Cardano Hits Another All-Time High appeared on BitcoinEthereumNews.com. Alex Dovbnya Bitcoin has hit $50,000 for the first time since mid-May while Cardano keeps setting new record highs Disclaimer: The opinion expressed...
Alex Dovbnya
Bitcoin has hit $50,000 for the first time since mid-May while Cardano keeps setting new record highs
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Bitcoin (BTC) revisited the $50,000 level for the first time since May 15 at 2:41 a.m. UTC on the Bitstamp exchange.
Image by tradingview.comThe market cap of the largest cryptocurrency is now inching closer to hitting the $1 trillion level, currently sitting at $943 billion, according to CoinMarketCap data.
Bitcoin is on track to record its second consecutive month in the green after plunging to the mid-$28,000 level in June.
With that being said, the flagship coin is 22 percent away from reaching its current all-time high of $64,804, which means that the cryptocurrency remains in a technical bear market for now.
Cardano hits another all-time high
While Bitcoin’s relatively swift recovery to the $50,000 level is impressive, Cardano (ADA) is stealing the spotlight right now.
The native token of the top proof-of-stake blockchain has just hit yet another all-time high of $2.84.
As reported by U.Today, Cardano is set to launch smart contracts on Sept. 12, which is believed to be the main catalyst behind its stellar rally.
Source: https://u.today/bitcoin-soars-back-above-50000-while-cardano-hits-another-all-time-high
Post navigation
Delegate Your Voting Power to FEED DRep in Cardano Governance.
DRep ID: drep12ukt4ctzmtf6l5rj76cddgf3dvuy0lfz7uky08jfvgr9ugaapz4 | We are driven to register as a DRep by our deep dedication to the Cardano ecosystem and our aspiration to take an active role in its development, ensuring that its progress stays true to the principles of decentralization, security, and community empowerment.DELEGATE VOTING POWER!
