Crypto market adds over $140 billion in one day

[Leviathan.007]

The price of Bitcoin has exceeded $ 43,000, while the price of Ethereum has risen 24 percent in a week, bringing the total market value of cryptocurrencies to $ 1.8 trillion, which has risen to $ 140 billion in just 24 hours.
Finbold reported yesterday that Bitcoin trades above its simple 100-day moving average. Further gains could pave the way for short-term gains in the $ 42,500 resistance area that Bitcoin has crossed as cows seek to raise the price of Bitcoin to a significant $ 50,000.
More specifically, the world's leading digital asset in terms of market value has increased by more than 7.06% in the last 24 hours and 4.41% in the last week. Its current price is $ 43,670. In addition, according to CoinMarketCap.com, the overall bitcoin market dominance is 45.93%, up 0.02% from the previous day.


Source: https://finbold.com/crypto-market-adds-over-140-billion-in-a-day/

[The Cryptovator]

As we can see a few positive news came up almost at the same time. As a result, investors entering into Bitcoin. Either they are existing investors who have taken advantage of ATH or new investors. So the market value definitely will increase. But I don't think Bitcoin would break the $50K zone so quickly. It's taking time to get investment from potential Big investors. At least I am unaware of any recent big investment, especially from institutions. This pumps just because of a few positives news of Bitcoin adaption.

[alpamar99]

this is certainly a good thing because at least with the always good news and without the fud the last few weeks have turned everything green.
and I was very surprised by the sizeable rise of eth this week. This may be due to the hard fork and perhaps also the influence of BTC itself which is now starting to attract investors.
I hope this continues and there will be no more slanted news that will occur so that the market returns to normal and green like a few months ago

[Kittygalore]

This is just another proof that cryptocurrencies are so volatile that in a week things can change really fast, from green to red and from red to green. This is the best thing for cryptocurrencies, the uncertainty of the market makes for a good way for every person to catch up when the prices are just so high.

[dothebeats]

It's crazy how this happens in just a short span of time, but being with crypto for almost a decade now, this no longer surprise me. A lot of new people are still coming into crypto every single day, and that certainly adds to the overall $$$ that is being put into the market. There's still a huge potential left for the cryptomarket to boom even further considering that people, together with large companies, are still coming in and placing their money on bitcoin and crypto.

[Easteregg69]

It's crazy how this happens in just a short span of time, but being with crypto for almost a decade now, this no longer surprise me. A lot of new people are still coming into crypto every single day, and that certainly adds to the overall $$$ that is being put into the market. There's still a huge potential left for the cryptomarket to boom even further considering that people, together with large companies, are still coming in and placing their money on bitcoin and crypto.

I think it's more important to keep politics out than falling in love. Right now.

See when I told the birds they where "primitive". They freaked out. So you wanna avoid that.

Teach a mouse not to shit in the drawer and damage things. Then it's most welcome.


Life time comes first under all circumstances.

If "Al" sits in.. Making it personal with the AI of tomorrow.

[moderator's note: consecutive posts merged]

[CryptoBuds]

But I don't think Bitcoin would break the $50K zone so quickly. It's taking time to get investment from potential Big investors. At least I am unaware of any recent big investment, especially from institutions. This pumps just because of a few positives news of Bitcoin adaption.

- Making Higher-High every month, but no one is happy .
Over the last few months, most traders and holders have been facing bearish conditions. Most people say the market is very bearish, but I do not see any bearish signal in the market. Some nonsense ELON FUD made a dump and after that everything is going smoothly. On the contrary, the market has been behaving very bullish for the last few months. Every month it is making new Higher-High. So those who are extremely bearish are actually promoting ELON FUD to buy Bitcoin at a lower price, nothing else.

[Fesatmas]

It's fantastic, it's been a very memorable year. Therefore, next year will probably be more than now. Given the craze and increasing demand, it is possible that all aspects that provide a big boost will have an impact on the market.
Have fun, friends, we are in a zone that is no longer gloomy as it used to be, The many changes have brought the crypto cycle to a more open era. Plus the ETH Hard Fork that has started, adding more color to all cryptocurrency users.

[pealr12]

And I wonder where are those people who predicted btc going down to 15k or who were waiting to buy at 15k price  , I wonder if they still have this believe that btc will gobthat low, I bet some people didn't take advantage of this dip and was waiting for a dip that probably come, am not surprise to see this performance at all, institutional investors are not relenting in putting money in the number one crypto, there is still more to come am sure.

[nelson4lov]

I feel there might be a little difference in this bullish move and probably the expected parabolic. Ethereum seem be in the shoe of bitcoin of 2017, with price movement. Bitcoin this time is now the SOV (the sovereign coin with minimal risk and high trust). So Bitcoin and Ethereum are likely to walk hand-in-hand will the price movement. Other ethereum killers are likely to follow later and this will ride the marketcap beyond the expected trillions of dollar marketcap.

ETH is spearheading this recent run thanks to the London Hard fork that was scheduled on 5th August (two days ago). The fact that it's going up faster than bitcoin or most top cryptos should tell you it's a huge upgrade that improves a lot of stuff in it. But that aside, Bitcoin has done relatively well on its own even without any "major" positive news in recent times. It's just ethereum time. Bitcoin would see the highs of $70k if eth continues it run.

[passwordnow]

Ethereum probably has a known reason why it comes with bitcoin in increase. I don't know if there is actual news lately that made bitcoin move like that at this time although it's common to see that it moves really like this usually. I guess that bitcoin will have to cross up to $50k before it gets again a huge dump. But as it crosses to that price, there will be certainly small dips that will come along the way there.

[Ayiranorea]

The growth is happening in the fast phase. Myself saw the price of bitcoin around $40k and suddenly a notification popped Bitcoin crossed $44k along with ethereum $3100. It was completely unexpected, because the growth from the range of $30k to $40k took place all of the sudden and expected gradual growth. Now its time for short term trading profit as we'll see some fluctuation before crossing $50k.

[CaVO32]

The growth is happening in the fast phase. Myself saw the price of bitcoin around $40k and suddenly a notification popped Bitcoin crossed $44k along with ethereum $3100. It was completely unexpected, because the growth from the range of $30k to $40k took place all of the sudden and expected gradual growth. Now its time for short term trading profit as we'll see some fluctuation before crossing $50k.

Now, wondering where are those spectators who are waiting for btc to go down by 20k. I guess, they are regretting that they haven't bought at 30k level. Not only a month (about couple of weeks ago) and you are already earning good profits if you bought it at 30k level. Crypto market is really surprising us, no one can exactly know what will happen next. For those who know how to scalp, this may be good opportunity. But should be very careful because one wrong move, and your profits will be gone.

[yazher]

We are still having this high and low tide this time of the year and looks like we are on the time where the price will pump up once again because of that good news a few days ago. We still have that momentum about a few months ago and with the current situation, it could trigger again but for those who are new to this industry just remember that you need to focus on the market and learn its history before jumping on any investment that you might regret later when the market is not pleasing to watch. The good scenery today in the crypto market has some opposite side when it crashes suddenly, so it's better for you to make your own research before getting carried away with the current hype.

[Oceat]

It makes me wonder how Bitcoin price moves when the news is not releasing some kind of fomo news. Probably these are the old and new investors entering the market again but the question that's left me hanging is why? I know they were not here just to pump the market but why now?

Well, I guess this is the cheapest price they could get after seeing how Bitcoin wouldn't move farther away from $30k+. They probably are the new and old investors thinking that there will be a bear market after the correction but it's the people that holding it to go beyond $30k.

[Kemarit]

It makes me wonder how Bitcoin price moves when the news is not releasing some kind of fomo news. Probably these are the old and new investors entering the market again but the question that's left me hanging is why? I know they were not here just to pump the market but why now?

Maybe because of this news? 2 Senators introduce pro-crypto amendment to infrastructure bill; industry says it's not enough.

United States senators Mark Warner and Kyrsten Sinema, both Democrats from Virginia and Arizona, respectively, have introduced a new amendment to the infrastructure bill that would lessen the burden on cryptocurrency tax reporting for miners and wallet providers.

And then as far as ETH goes, they just go ahead with their London fork.

Well, I guess this is the cheapest price they could get after seeing how Bitcoin wouldn't move farther away from $30k+. They probably are the new and old investors thinking that there will be a bear market after the correction but it's the people that holding it to go beyond $30k.

It could be, but we all know, specially for average joe like us, we wanted to see the price to go down even further to buy. But I guess that won't happen anymore, no more $13,000 lowest low prediction and ain't happening because of the current bullish sentiments we have resulting to the price hitting $44,000 and counting.

[pooya87]

Nothing was added. It was just bitcoin price going up while shitcoins dumping a little instead of a lot so it creates the illusion that their USD price is rising but that is all because bitcoin price went up and they get dumped less than that rise against bitcoin.

Some nonsense ELON FUD made a dump and after that everything is going smoothly.

Only a very small part of the drop at the start was because of Elon FUD, the rest was a lot more complicated market manipulation than one man's Twitter crap.

[Dhaniii]

The price of Bitcoin has exceeded $ 43,000, while the price of Ethereum has risen 24 percent in a week, bringing the total market value of cryptocurrencies to $ 1.8 trillion, which has risen to $ 140 billion in just 24 hours.
Finbold reported yesterday that Bitcoin trades above its simple 100-day moving average. Further gains could pave the way for short-term gains in the $ 42,500 resistance area that Bitcoin has crossed as cows seek to raise the price of Bitcoin to a significant $ 50,000.
More specifically, the world's leading digital asset in terms of market value has increased by more than 7.06% in the last 24 hours and 4.41% in the last week. Its current price is $ 43,670. In addition, according to CoinMarketCap.com, the overall bitcoin market dominance is 45.93%, up 0.02% from the previous day.


Source: https://finbold.com/crypto-market-adds-over-140-billion-in-a-day/

We are still with you waiting for the day you have been waiting for. the days we see many investors continue to adopt bitcoin simultaneously. bitcoin in a day continues to increase, you can see for yourself. last week bitcoin was between $ 36,000 to $ 39,000 and today bitcoin is between $ 40,000 to $ 44,000 which means the growth of bitcoin is very significant.

[Xinarae*]

The price increase of bitcoin in the crypto market is consistent the market is not stable. The price increase of bitcoin tends to be more profitable due to volatility no one can say when the market will go in any direction trading signals go in the right direction but do not take long to turn red but the market is now rising. Bitcoin has risen a lot this week compared to last week I think accepting bitcoin at this time could be a great opportunity for investors.

[iTradeChips]

I think that we are still in the same bullish period as we have encountered at the start of 2021. Some would regard 30,000 dollars as a small amount now or decrease in price, but remember that Bitcoin went from $20,000 dollars to $3,000 dollars in a matter of months. The momentum did not stop and now we are seeing good trends again in the prices of the said coin. Even though that there were many setbacks that happened that were disadvantageous to Bitcoin and its community, it did not stop the coin from gaining traction.