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Bitcoin price suddenly surges above $50k amid crypto market rally – follow live

Bitcoin price suddenly surges above $50k amid crypto market rally – follow live
All the latest cryptocurrency updates and expert analysis

The price of bitcoin surged past $50,000 op Donderdag, returning above the milestone for the first time in nearly three weeks.

Die kripto-geldeenheid has been trading within the $45,000-$50,000 price band since the start of December, after crashing from an all-time high of around $69,000 in November.

The overall crypto market mirrored bitcoin’s stagnation, with several other leading cryptocurrencies all shifting by less than 1 persent oor die laaste 24 ure.

The inertia saw Ethereum (ETH) remain above $4,000, while the overall crypto market fell by less than $10 miljard. Some of the biggest gains were seen by Polygon (MATIC), which came within $0.03 of its al-time high of $2.6.

The rally reinforced predictions by some analysts, who remain convinced that BTC is still within a long-term bull cycle. Pseudonymous analyst PlanB stood by his price prediction model that puts bitcoin on track to hit six figures within the next few months, before the market finally sees a sustained period of price correction.

You can follow all the latest cryptocurrency news, analysis and expert price predictions right here.

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Bitcoin price breaks above $50,000

Bitcoin has returned above $50,000 for the first time since early December following a sudden price surge.

Several other leading cryptocurrencies appear to have piggybacked off BTC’s momentum, with Ethereum (ETH) breaking back above $4,000 en Solana (SOL) heading back towards $200.

The overall crypto market saw a 3 per cent increase over the last few hours, adding hundreds of billions to the total global market cap.

Anthony Cuthbertson23 Desember 2021 18:16
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Elon Musk explains why he’s ‘pro doge

Elon Musk has once again expressed his love for dogecoin, joining a Twitter thread about Web3 and NFTs to proclaim that he is “pro doge”.

The thread included Twitter founder and bitcoin advocate Jack Dorsey, who was criticising the corporate involvement in the ‘decentralised space’. Responding to him was dogecoin founder Billy Markus, who explained how his goal was to simply “build stuff, make money, and have fun”.

You can read a full explainer on what exactly Web3 is, and why Elon Musk and Jack Dorsey are skeptical of it, reg hier.

Anthony Cuthbertson23 Desember 2021 10:03
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Bitcoin, Ethereum prices drop after some gains

The prices of bitcoin and ethereum have dropped by about 2 persent in die laaste 24 hours after significant gains on Wednesday.

The leading cryptocurrency is currently priced at about $48,500 after rising above $49,000 op Woensdag.

Although other leading cryptocurrencies such as solana (sol), cardano (daar is) and polkadot (dot) have grown in the last 24 ure, the overall crypto market is still down by 0.2 per cent and is valued at $2.29 triljoen.

Cardano has grown by about 3.5 per cent while polkadot has surged by over 9 persent in die laaste dag.

Memecoins dogecoin and its spinoff shiba inu are also showing signs of growth in the last 24 ure.

<p>Prices of cryptocurrencies over last 24 ure</p&blt;

Prices of cryptocurrencies over last 24 ure

Vishwam Sankaran23 Desember 2021 02:55
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Polygon (MATIC) price nears record high

The price of Polygon (MATIC) is teasing an all-time high, reaching to within $0.03 of the peak it reached in May this year of $2.68.

It is the only one of the leading cryptocurrencies to be currently experiencing a near-record-breaking rally, with current discussions in crypto forums focussing on whether or not an all-time high is a good time to skim off profits.

It’s been a remarkable year for the altcoin, which has risen by nearly 15,000 per cent since January.

Anthony Cuthbertson22 Desember 2021 18:35
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Coinbase down

Leading cryptocurrency exchange Coinbase appears to have stopped working amid a major outage impacting several web services.

Users are reporting being unable to log in to their accounts to buy, sell or trade bitcoin and other cryptocurrencies.

Website health monitor Down Detector registered more than 500 reports of issues with the crypto exchange.

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Anthony Cuthbertson22 Desember 2021 12:41
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El Salvador president buys more bitcoin

The president of El Salvador has announced the purchase of a further 21 bitcoins, adding to the Central American country’s already-considerable stash of cryptocurrency.

Nayib Bukele shared screenshots of the latest bitcoin buy, which cost close to $1 miljoen, noting the significance of the date, time and even the country’s size – which all line up with the 21 million bitcoins that will ever exist.

“El Salvador’s entire size is 21,000km2,” he wrote on Twitter. “Coincidence? Ek dink nie so nie!

“And today is the last 21st day of the year 21 of the 21st century.”

Anthony Cuthbertson22 Desember 2021 08:27
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Bitcoin price revival continues

The price of bitcoin has continued its recent revival, rising above $49,500 overnight.

The gains have boosted a buoyant crypto market, which has risen by more than 2 persent oor die laaste 24 hours to return close to $2.3 triljoen.

All of the leading cryptocurrencies experienced an increase in value, most notably Terra (LUNA), which shot by more than 15 per cent since yesterday to take its weekly gains to around 60 persent. This is the same cryptocurrency, terloops, daardie experts on a panel hosted by Die Onafhanklike last week were most bullish about.

Anthony Cuthbertson22 Desember 2021 08:07
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CoinMarketCap has joined other tech platforms by publishing a yearly round-up, but with a slight twist.

Rather than focus on the data of individual users, CoinMarketCap Unwrapped 2021 gives a run-down of all visitors to its crypto price index.

“Just like a beloved music streaming app that most of you probably listen to every day, we at CoinMarketCap wanted to show you what you — all of you! — have been doing every day on our site,” CoinMarketCap states.

“Bitcoin hit an all-time-time, Elon Musk showed his true DOGE colours, El Salvadorians can buy groceries with Bitcoin — the list goes on.”

Turns out, bitcoin wasn’t the most popular cryptocurrency on CoinMarketCap in 2021.

You can read the full round-up hier.

Anthony Cuthbertson21 Desember 2021 20:29
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Bitcoin peeps above $49,000

Bitcoin is enjoying its biggest price surge since November, briefly climbing above $49,000 before slipping slightly below again.

Less than 24 hours ago, the cryptocurrency was trading just above $45,000 – its lowest point since late September.

We reached out earlier for some expert comment on the latest market movements, we’ll be bringing it to you shortly.

Anthony Cuthbertson21 Desember 2021 13:44
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Bitcoin price showing ‘signs of life

The latest bitcoin price surge has propelled it out of a descending channel that first formed in early December, giving hope to traders and investors.

Crypto market analyst and author Glen Goodman shared a price chart of the movement on Twitter this morning, claiming it shows “signs of life”.

When asked by one of his followers if the upward movement has encouraged him to buy BTC, Goodman said he was still “heavy with long-term positions” but didn’t rule it out.

“I’m more tempted by ETH, but this BTC pattern is quite compelling," hy het gesê.

Anthony Cuthbertson21 Desember 2021 11:28