Thu. Apr 25th, 2024

The Bull Is Back. Bitcoin Rallies Above $50k As Christmas Approaches.

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The bullish crypto market continued today as Bitcoin breaks back to $50k zone as the holiday season trading accelerates investors interests in crypto.

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The live Bitcoin price today is $50,755.72 USD as at the time of this report, trading volume of $26,453,729,761 USD. 

The cryptocurrency market closed bullish on Wednesday and continued with the trend as Christmas approaches, after a series of bearish trade in recent times. The industry market capitalisation gained ground with 3.78% appreciation to close at $2.276 trillion, representing a gain of $82.81 billion in a single day.

The movement in the market was triggered by the buy interest in the flagship cryptocurrency after bitcoin gained 4.49% on Tuesday to close at $49,020.37. In the same vein, Ethereum also gained 2.14% to close at $4,030.47.

Solana, Luna, and Uniswap all recorded positive growth in their prices as they gained 2.9%, 5.9%, and 3.17% to close at $179.0575, $86.8279, and $14.98 respectively.

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