According to the Bokobit crypto exchange team, over the past 10 days, the bitcoin exchange rate has jumped the $50,000 mark for the second time. Cardano (ADA) has updated the historical maximum. ETH and other altcoins are also in the “green zone”.
Most recently, on August 23, bitcoin was already returning to the “round” mark of $ 50,000 against the background of the outflow of BTC from exchanges to wallets for cold storage, but quickly rolled back. Now BTC has broken through this level again: over the past 24 hours, bitcoin has grown by 5.5%, reaching $50,450. Now the market capitalization of bitcoin is $ 942 billion, and its index of dominance in the cryptocurrency market is estimated at 42%.
Historically, September has always been a difficult month for bitcoin holders. According to Bybt, investors have suffered losses in September for the last four years in a row, and their maximum monthly profit barely exceeds 6%. Therefore, today’s rise of bitcoin can be considered a good start to the month, according to Bokobit.
The ADA coin, which ranked third in terms of capitalization in August, reached a new historical high of $3.1 with a capitalization of almost $98 billion. The Cardano network is preparing for the deployment of the Alonzo hard fork, in which the smart contracts function will be activated. This will allow developers to create decentralized applications based on the Cardano blockchain. According to IOHK, on September 1, Plutus smart contracts were launched in the Cardano test network, and the launch of the main network is scheduled for September 12.
Other large altcoins also rushed up. During the day, the ether rose by 5.8% to $3,842, but then fell back to $3,780. The growth of ether can be explained by the increased interest in non-interchangeable tokens (NFT), as well as the burning of ETH when paying transaction fees after the activation of the London update in August. The gradual destruction of ethers increases the value of this cryptocurrency.