Bitcoin Hits Above $51K, Other Crypto Prices Also Moving High

Will Bitcoin Reach Around $50,000 In Q3?
  • Bitcoin hits above $51,000 also BTC is up 81%.
  • Major crypto tokens are trading at their highest level 
  • Ethereum (ETH) also skyrockets to $3,932.07.

Cryptocurrency giant Bitcoin (BTC) showing an ultra-bullish sign for the past few months after the crackdown in May. Now, Bitcoin hits above $51,000 also BTC is up 81% from this year’s low of $27,734 on January 4, 2021. It had hit a record of almost $65,000 in April and is up nearly 79% this year.

According to CoinMarketCap, at the time of writing the Bitcoin price is trading at $51,4187.24 with a 24-hour trading volume of $35,871,910,214. However, BTC has increased by 2.57% in the BTC 24 hours. 

BTC Price Chart (Source: CoinMarketCap)

The above chart clearly shows the upward trend. Following its low price of $30,000 level, BTC has gained momentum along with a series of highs and lows. Similarly, major crypto tokens are trading at their highest level since May.

Accordingly, Ethereum blockchains cryptocurrency Ether also skyrockets 1.16% to $3,932.07 on Sunday. Also at the time time of writing ETH price is trading at $3,907.66. In the past three months, Ether has surged over 40%.

Furthermore, Dogecoin (DOGE) prices risen 4% nearly $0.31 also Cardano (ADA) prices gained almost 2% to $2.89. other cryptocurrencies such as Stellar(XLM), Uniswap (UNI), Litecoin (LTC) also surged for the past 24 hours.

Even more, several cryptocurrencies have been performing well. The overall crypto market cap is $2.36 trillion, after the low at $1.24 trillion on July 20.

Henceforth, according to an analyst at crypto mining and hardware broker Blockware Solutions, Will Clemente, Bitcoin’s August peak at $50,000 appeared as a key technical and psychological level. Also, Will Clemente noted that there are serious indications of further bullish movement.

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