The price of Bitcoin today exceeds $ 47,000; Ether climbs by 4%; Best cryptocurrency rates

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Bitcoin opened in the green on Thursday and was trading at $ 47,907, up 1.58%. The global virtual currency market capitalization hovered around $ 901.478 billion. Bitcoin is set to make a golden cross on the daily chart for the first time after forming a death cross in June, according to many analysts and media. A golden cross is a term used by technical analysts to suggest a crossing of two important simple moving averages, the 50-day moving average over the 200-day moving average. As of Tuesday evening, the 50-day moving average for Bitcoin stood at $ 45,802 while the 200-day moving average was $ 45,875, according to Tradingview.com. During the period between April 2019 and April 2020, the Golden Cross has occurred 3 times. Measured from the price of BTC to extremes: on April 23, 2019, BTC increased by 155%, on February 18, 2020, it fell by 61%, on May 20, 2020 it increased by 576%. However, Bitcoin’s rival Ethereum was trading at $ 3,590.02, up 5%. While Ethereum’s global market capitalization stood at $ 421.5 billion.

“Bitcoin has crossed the $ 48,000 mark and Ether has climbed over 6%. Over the past three days, Bitcoin has broken through three crucial resistance levels and currently appears to be strongly bullish. Cardano, the third largest crypto by market cap, finally managed to break free from bearish dominance and broke above the $ 2.5 mark. The next 24 hours will be an interesting session. BTC could likely consolidate, giving Altcoins the perfect opportunity to advance. If As BTC traded volumes rise, they could potentially move closer to the coveted $ 50,000 mark. The global crypto market cap recorded a third consecutive day of gains after rising 3.56%. It currently stands at around $ 2.18, while total trading volume fell more than 12%, said Edul Patel, CEO and co-founder of Mudrex – A Global Crypto Trading Platform.

On the other hand, Cardano was trading at $ 2.45, up 2.18%. The global crypto market cap is $ 2.18 trillion, an increase of 3.02% from the last day. The total volume of the crypto market over the past 24 hours is $ 100.15 billion, which is a decrease of 10.05%. DeFi’s total volume is currently $ 18.48 billion, or 18.45% of the total 24-hour crypto market volume. The volume of all stablecoins is now $ 76.27 billion, or 76.16% of the total 24-hour crypto market volume. Bitcoin dominance is currently 41.38%, down 0.37% on the day.

“Bitcoin recently had its eighth golden cross with days 200 and 50. Moving averages are crossing each other. This could potentially mean an increase in buying volumes and a break from the current trend. The last time around. such a phenomenon occurred, Bitcoin jumped almost 600%, “said Siddharth Menon, COO, WazirX.

“Meanwhile, after a brief period of consolidation, the total crypto market cap has taken an upward momentum to $ 2.2 trillion. Looking at the trend in volumes, it can only mean that investors have regained confidence in the crypto market after the recent correction, ”he added.

Here are the main cryptocurrencies and their prices as of September 16, 2021 (data from coinmarketcap.com when the article was published)

Bitcoin $ 47,907 or +1.58% change in 24 hours

Ethereum $ 3,590.02 or + 5% change in 24 hours

Cardano $ 2.45 or + 2.18% change in 24 hours

Binance Coin $ 427.72 or 2.98% change in 24 hours

Tether $ 1.11 or 1.55% change in 24 hours

XRP $ 1.11 or 1.56% change in 24 hours

Dogecoin $ 0.2436 or 1.05% change in 24 hours

USD Coin $ 1.00 or -0.02% Change in Last 24 Hours

Polkadot $ 35.90 or -2.99% change in 24 hours

Solana $ 155.89 or -0.94% change in 24 hours

Uniswap $ 26.90 or + 5.23% change in 24 hours

Bitcoin Cash $ 645.35 or + 0.98% change in 24 hours

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