Bitcoin hits $ 50,000 for the first time in 4 weeks; Check crypto prices on October 6th

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In a recent update on the cryptocurrency market trend, cryptocurrency prices remained in the green on Wednesday, October 6. A decline of 3.06% has been observed over the past 24 hours, with a global cryptocurrency market cap at $ 2.22 trillion. At the same time, an increase of 2.39% was recorded, with the total volume of the crypto market in the last 24 hours being $ 110.8 billion. The largest virtual currency, Bitcoin, broke the $ 50,000 mark for the first time in four weeks. Bitcoin’s price is trading at $ 51,205.16 and its dominance is currently 43.58%, with an increase of 0.56% during the day. In the midst of a massive sell-off of cryptocurrency shares on September 7, the currency fell below the current market price and continued to decline in September, hitting a low of $ 40,596 on September 21.

Analyzing the Bitcoin market, Edul Patel, CEO and Co-Founder of Mudrex, said, “Bitcoin has passed the $ 50,000 mark, which has delighted many investors. The next 24 hours would likely be a period of consolidation as there could be profit bookings across the spectrum. As Sharan Nair, Business Director, CoinSwitch Kuber, said, “The market has recovered with Bitcoin and Ethereum in the green zone. Hopefully we can expect some momentum in the coming days. “

Cryptocurrency price on October 6

Bitcoin – $ 51,310, up 4.48% in last 24 hours

Ether – $ 3,487, up 3.3% in last 24 hours

Binance Coin – $ 439.20, up 3.08% in last 24 hours

Cardano – $ 2.23, up 1.05% in last 24 hours

Tether – $ 1.00, up 0.07% in the last 24 hours

XRP – $ 1.07, up 2.51% in last 24 hours

Solana – $ 161.11, down 2.34% in last 24 hours

Dogecoin: $ 0.2518, up 4.70% in last 24 hours

USD Coin $ 0.9998, Up 0.5% in Last 24 Hours

Polkadot – $ 31.09, down 0.17% in last 24 hours

Image: UNSPLASH

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