bitcoin
Bitcoin (BTC) $ 30,036.00
ethereum
Ethereum (ETH) $ 2,014.63
tether
Tether (USDT) $ 0.999671
bnb
BNB (BNB) $ 318.01
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.417997
binance-usd
Binance USD (BUSD) $ 1.00
cardano
Cardano (ADA) $ 0.537701
solana
Solana (SOL) $ 51.68
dogecoin
Dogecoin (DOGE) $ 0.086131

Bitcoin surpasses $51,000 for the first time in two weeks

The first cryptocurrency rose to $51,500 for the first time in two weeks. The crypto market entered the traditional pre-New Year rally.


Investors’ appetite for riskier assets allowed to break free from bears’ pressure and surpass the $51,000 mark again. Investors fear that the rapid ceasure of the US economic stimulus program and inflationary risks threaten their assets in 2022, and see bitcoin as one of the hedging instruments. Fears related to the spread of the Omicron coronavirus strain and the next tightening of restrictive measures in the United States and Europe add fuel to the cryptocurrency rally.

For cryptocurrencies, as well as for other risky assets, the last week of December traditionally becomes the “Santa Claus Rally”. This allows to hope for a strong end to the year, despite a certain depression of market participants in the past few weeks.

Growth was also shown by open interest in futures. It peaked since December 3 at $18.8 billion.

Former CEO of Chinese mining equipment manufacturer Bitmain Jihan Wu expects the cryptocurrency market capitalization to rise to tens of trillions. Now the cryptocurrency market capitalization exceeds $2 trillion. “We believed that crypto and together would experience rapid growth in the future to tens of trillions of dollars,” Wu says. “And many of these new users will stay in the crypto market forever, so they’ll need advanced and sophisticated products to manage the wealth they accumulate in crypto assets.”

Share:

Leave a Reply

Your email address will not be published.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Recent Highlights

USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 30,036.00
ethereumEthereum (ETH)
$ 2,014.63
tetherTether (USDT)
$ 0.999671
xrpXRP (XRP)
$ 0.417997
litecoinLitecoin (LTC)
$ 71.19
dogecoinDogecoin (DOGE)
$ 0.086131
bitcoinBitcoin (BTC)
28.436,58
ethereumEthereum (ETH)
1.907,35
tetherTether (USDT)
0,946439
xrpXRP (XRP)
0,395739
litecoinLitecoin (LTC)
67,40
dogecoinDogecoin (DOGE)
0,081545
bitcoinBitcoin (BTC)
24,050.94
ethereumEthereum (ETH)
1,613.19
tetherTether (USDT)
0.800474
xrpXRP (XRP)
0.334706
litecoinLitecoin (LTC)
57.00
dogecoinDogecoin (DOGE)
0.068968

Recent Highlights