Bitcoin rapidly jumps above $ 52,000 zone to be pushed back, crypto economy climbs 3.5% – Bitcoin Planet markets and prices

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Bitcoin surpassed the $ 52,000 grip on Monday morning as the crypto-asset markets moved north and accumulated more fiat value. The overall crypto economy is around $ 2.45 trillion and has gained 3.5% in the past 24 hours. Meanwhile, the Bitcoin charts are showing a pending golden cross, which for many means the overall market outlook looks bullish.

Bitcoin hits resistance above $ 52,000 handle

The digital asset markets are in the green today and many crypto assets have seen single or double digit gains in the past 24 hours. At the time of writing, the total crypto-economy of over 10,000 existing cryptos is around $ 2.45 trillion on Monday. Bitcoin (BTC) has gained over 3.5% today and 6.3% in the past seven days. On Monday morning (EST), BTC broke through the $ 52,000 area to hit $ 52,230 per unit. Many assume that the next few months of BTC will be bullish and a pending golden cross chart signal indicates that it could be.

Bitcoin (BTC) hit a high of $ 52,230 on Monday, but has since declined to $ 51,000.

Basically when the short term moving average breaks the long term moving average and starts moving north, traders call it a golden cross and assume an uptrend is coming. “On Friday, BTC broke through the $ 50,500 resistance, stopped for the weekend, and surpassed $ 51,500 on Monday, which it is now struggling to hold,” the analyst told Bitcoin.com News main financier of Fxpro, Alex Kuptsikevich.

“In fact, Bitcoin has been trading above $ 50,000 since last week, as the bulls managed to keep the rate above the 200-day moving average. In light of this, the price of” over fifty “has become quite common in recent days,” Kuptsikevich added. The analyst further pointed out:

Anchoring above that mark will pave the way for $ 60,000 and could become a catalyst for a full-fledged crypto market reversal.

Ethereum Approaches All-Time Highs, Myriad Other Cryptos See Double-Digit Gains

Meanwhile, Ethereum (ETH) only rose 0.3% today, but over the past week, Ether has gained 22.2%. ETH peaked above the $ 4,000 handle on September 1, but has since been below that region. Etoro crypto-asset analyst Simon Peters said the ether is heading for record prices.

“Ether is approaching all-time highs as bitcoin has hit over $ 50,000 for the first time since mid-May,” Peters said. “ETH surged last week, approaching the breach of the $ 4,000 level. Crypto asset started the week below $ 3,200 but rose rapidly during the week, reaching $ 3,981 on Friday. Over the weekend, the gains flattened out but remain within this range, ”he added. Etoro’s crypto analyst continued:

A confluence of factors is contributing to the rise in the price of ETH. ETH burning, staking, gasoline charges, transactions, and challenge-locked tokens all work together to support price points. Meanwhile, BTC has surpassed $ 50,000 for the first time since mid-May. Crypto assets started the week dropping below $ 47,000 before rising midweek above $ 50,000. Early in today, BTC surged again, closing at $ 52,000.

As both bitcoin and ethereum have seen gains and, of course, close attention, a number of other crypto assets have performed better in the past 24 hours. Coins like quant, omg network, filecoin, ftx token, fantom, qtum, chainlink, mdex, bitcoin cash, and EOS all saw double-digit gains over 24 hours.

What do you think of bitcoin and the rest of the recent improvements in the crypto economy? Let us know what you think of this topic in the comments section below.

Tags in this story $ 50,000, $ 52,000, Alex Kuptsikevich, Bitcoin, bitcoin price, BTC, crypto economy, Crypto price, Crypto trades, ETH, ether, Ethereum, Etoro analyst, Analyst from Fxpro, Gasoline Charges, Price, Simon Peters, Staking, Trade, Values

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