Bitcoin reclaims $50,000 while Cardano remains on the third place
Bitcoin has finally re-entered $50K zone while the total crypto market capitalization remains above $1,5 Trillion. Cardano holds tight the 3rd place on the top 10 crypto ranking list
The King of Cryptos was flirting with the coveted $50,000 since yesterday and has finally managed to break above it. Ethereum remains stagnant at $1,580 while the rest alternative coins go fully “green”.
Bitcoin struggles to win $50K phase
The primary cryptocurrency has successfully managed to recover last week’s price drops, going from $43K to $52K in just 2 days.
Despite the massive gains, Bitcoin still remains unable to sustain $50K price tag or even move further north. On Wednesday morning, the currency plunged back at $47K but since then Bitcoin has seen only gains.
However, the experts claim that if Bitcoin wants to sustain its price above $50K, then it first needs to overcome some obstacles. To be more specific, the King of Cryptos needs to surpass its first resistance line of $52,500 and then $55,000.
Cardano holds tight the 3rd place while altcoins are in green
The alternative coins have mimicked Bitcoin’s price movement once again and remained in green. Ethereum plunged at $1,300, but immediately recovered the losses and currently trades a few dollars above $1,600.
Cardano is not willing to lose its place and has added another 2% since yesterday’s price, remaining at the 3rd place. Binance Coin and Ripple are up by 1% and 2.5%, respectively. Chainlink has increased its value by 6% and currently trades at around $30. Polkadot wouldn’t miss the party and followed the rest altcoins on the northside having an increase of 6.5%.
Not forget to mention that Litecoin has won today’s title of the best performer having an increase of 12%, leading its price at $200.
“InstaSwap is a Non-Custodial Exchange Platform that allows users exchange directly at market price within minutes.
If you want to know more about us visit our website: www.instaswap.io”
