Crypto market adds over $140 billion in one day

[germsite]

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/

Thanks for the post and this shows even more that the topics started on this forum asking whether it is game over for Bitcoin or whether we are in a bear market now are completely off the rails. We will certainly see six figures for Bitcoin in the future. There are too many giants involved now to just call it a day for BTC and leave it where it is. Bitcoin will go up unless some really bad stuff happens.

[Lucius]

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.

To most people, it doesn’t matter for anything other than looking at the statistics under the market cap which really looks impressive to the eye of an inexperienced observer. All those shitcoins that serve no purpose have as much as a $1 trillion market cap, and if we subtract ETH from that, we have $800 billion left.

Lies, empty promises, and full pockets of those who know how to create the illusion that something has value.

[Russlenat]

It doesn't surprise me at all even though it's really good news.

The increase that we saw is amazing but it's also possible we will see a big decrease in just a short period of time.
The market manipulation is still in play and whales are always looking at the news that they can use to move the market.

If we want to see real progress, it should be in a slow but consistent manner as that's how real adoption should work.

[layoutph]

$140 billion in one day is so crazy. I guess whales are entering the scene again. Just like the previous bull run. ETH goes to reach ATH first, then whales immediately shift to Bitcoin to continue getting profit.

My trading plan for this 2021. Invest in ETH first, then once ETH reached ATH, will jump to Bitcoin again until it reaches its ATH. Then I will hedge everything to USDT.

[fiulpro]

I am bound to believe that the market is going to see a lot more increase in the price soon since at the end of the day , small cryptocurrencies have a symbiotic relationship with major cryptocurrencies like bitcoins.

Considering it's only ETH and BTC right now, we are for sure excluding the many more small events happening, we are moving towards the month of September, I always tend to notice the price going up and more people investing in cryptocurrencies before Christmas.

We might not only see the price rising but more governmental benefits from the side of small countries, El Salvador might be the most talked about but other countries like Ukraine are also moving towards a more crypto friendly environment.

[dificanovi]

the price of bitcoin and several other coins has been experiencing a price increase in recent days. this increase reached $140 billion in a day, hopefully this is the start to reach a new ATH by the end of this year. Bitcoin holders should not sell their bitcoins because there will be even higher gains until the end of this year, if they sell bitcoins now then they will regret it at the end of this year.

[ChrisPop]

These moves are producing positive vibes in the community, no doubt about that. As always Bitcoin is following its course. Scarce supply + constant demand from institutions and retail = raise in price. Simple as that. This kind of moves are expected in a rather still emerging asset class.

Looking forward to Amazon adopting cryptos. I heard Overstock want to seriously compete with them at this aspect. 

[Traderbtcc]

Honestly I'm really glad to see bitcoin and other cryptocurrencies pumping again after over 2months of redness, it's really nice to see greens in the market again, I believe this is due to the good news we have been hearing about bitcoin lately, even though there are still some fud around about sec clamping down DeFi platforms, but it's still isn't stopping bitcoin from pumping, if the fud ain't strong enough then I expect to see bitcoin surpass the recent ATH in this V2 bull run.

[The Cryptovator]

Looking forward to Amazon adopting cryptos. I heard Overstock want to seriously compete with them at this aspect.  

Not very soon. They clearly stated at least they aren't going to accept Bitcoin this year. But it doesn't mean they will not accept in the future. As far as I know, there were many rumors before as well, but it looks like manipulation.

Anyway, crypto means volatile. So at the same time market cap will increase and decrease based on investor's movements.

[hazenyc]

Honestly I'm really glad to see bitcoin and other cryptocurrencies pumping again after over 2months of redness, it's really nice to see greens in the market again, I believe this is due to the good news we have been hearing about bitcoin lately, even though there are still some fud around about sec clamping down DeFi platforms, but it's still isn't stopping bitcoin from pumping, if the fud ain't strong enough then I expect to see bitcoin surpass the recent ATH in this V2 bull run.

Very true but at the same time this pump feels healthier than if we just had kept going 2 months ago. It felt like it was too much already and honestly I think most here were almost eager waiting for a crash. Nobody really wants it but many have that feeling that it is due or even overdue. That was certainly the case when we crossed 60,000 back then. Now build a new stable level and grow again from there.

[AakZaki]

Not very soon. They clearly stated at least they aren't going to accept Bitcoin this year. But it doesn't mean they will not accept in the future. As far as I know, there were many rumors before as well, but it looks like manipulation.

Anyway, crypto means volatile. So at the same time market cap will increase and decrease based on investor's movements.

Rumors circulating about amazon that will start accepting bitcoin were able to provide a significant price increase, although the rumors were directly denied by amazon. it does seem like a deliberate manipulation.

Amazon is still focused on exploring what bitcoin is like and how it can impact the Amazon shopping experience.
In time amazon may officially announce that it accepts bitcoin, but not now.

Many new investors are starting to enter bitcoin so that market capitalization is increasing.

[Meysa_richa]

The Bitcoin price increase in the last 24 hours is really a breath of fresh air for BTC traders and investors. In a short time it has provided huge profits, the rising price of BTC and other Cryptocurrencies is influenced by good news about BTC.
So it can increase the interest of new investors which can increase the demand for the Crypto market to increase sharply.
Rumors of Amazon going to adopt BTC are the ones that are going viral lately, although it's not clear whether it's true.

[germsite]

Not very soon. They clearly stated at least they aren't going to accept Bitcoin this year. But it doesn't mean they will not accept in the future. As far as I know, there were many rumors before as well, but it looks like manipulation.

Anyway, crypto means volatile. So at the same time market cap will increase and decrease based on investor's movements.

Rumors circulating about amazon that will start accepting bitcoin were able to provide a significant price increase, although the rumors were directly denied by amazon. it does seem like a deliberate manipulation.

Amazon is still focused on exploring what bitcoin is like and how it can impact the Amazon shopping experience.
In time amazon may officially announce that it accepts bitcoin, but not now.

Many new investors are starting to enter bitcoin so that market capitalization is increasing.

Even when the rumors become true, hasn't that rumor been absorbed by the market already as we saw Bitcoin going up?

Amazon accepting Bitcoin would be a great step, but it doesn't mean right away that Bitcoin gets used more or people will now use Bitcoin instead of USD. The problem remains that it is a hassle to use crypto on so many levels that Amazon accepting Bitcoin won't change much on its own. It would though if a law was passed that says purchases up to $20 remain exempt from taxation on crypto gains.

[rina aulia]

Honestly I'm really glad to see bitcoin and other cryptocurrencies pumping again after over 2months of redness, it's really nice to see greens in the market again, I believe this is due to the good news we have been hearing about bitcoin lately, even though there are still some fud around about sec clamping down DeFi platforms, but it's still isn't stopping bitcoin from pumping, if the fud ain't strong enough then I expect to see bitcoin surpass the recent ATH in this V2 bull run.

Lots of fud for dropping bitcoins but the biggest fud from china on mining ban seems to be deprecated and even if another fud were created we are fed up with market manipulation and currently we are seeing a bull run naturally until bitcoin hits the moon again.

[oHnK]

Not very soon. They clearly stated at least they aren't going to accept Bitcoin this year. But it doesn't mean they will not accept in the future. As far as I know, there were many rumors before as well, but it looks like manipulation.

Anyway, crypto means volatile. So at the same time market cap will increase and decrease based on investor's movements.

Rumors circulating about amazon that will start accepting bitcoin were able to provide a significant price increase, although the rumors were directly denied by amazon. it does seem like a deliberate manipulation.

Amazon is still focused on exploring what bitcoin is like and how it can impact the Amazon shopping experience.
In time amazon may officially announce that it accepts bitcoin, but not now.

Many new investors are starting to enter bitcoin so that market capitalization is increasing.

If you look at the news circulating, it was actually the beginning of Amazon being said to be accepting Bitcoin because the job vacancies they published apply the qualifications to have an understanding of CBDC, Cryptocurrency, and Blockchain but it is undeniable that this is like a manipulative issue that can move crypto prices today even though the same thing  something like this has happened several times not only at Amazon but there are several other large companies that implement this specific strategy.

[Silberman]

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.

It is true that the market is volatile but a the same time this does not mean that it is completely unpredictable, we have been saying for a time that something like this was coming and those that were bearish did not believe it and instead were shorting the market, I really think this is move did not only came from a renewed interest from investors, I really think that this could be in part because many of those that were shorting the markets were on their last leg and as soon as they got a margin call this created a domino effect that allowed bitcoin to grow really fast.

[AakZaki]

It is true that the market is volatile but a the same time this does not mean that it is completely unpredictable, we have been saying for a time that something like this was coming and those that were bearish did not believe it and instead were shorting the market, I really think this is move did not only came from a renewed interest from investors, I really think that this could be in part because many of those that were shorting the markets were on their last leg and as soon as they got a margin call this created a domino effect that allowed bitcoin to grow really fast.

Rumors like this are growing a lot just to give a boost to market movements.
then after the Hype or FOMO is over they will clarify.

But Amazon seems to be serious about developing cryptocurrencies. not without the aim of opening job vacancies to be in the position of blockchain and cryptocurrency experts.

Technology continues to evolve and amazon will certainly make developments too.

[Lucius]

Looking forward to Amazon adopting cryptos. I heard Overstock want to seriously compete with them at this aspect. 

The only reason you can rejoice is that in that case, the price would jump 15-20%, and then the whole thing would calm down as was the case with PayPal and its involvement in Bitcoin which today few people even mention. Giving someone the opportunity to pay that Bitcoin does not mean that he will do it, because how many people actually use Bitcoin to pay for goods and services, maybe 10%?

But Amazon seems to be serious about developing cryptocurrencies. not without the aim of opening job vacancies to be in the position of blockchain and cryptocurrency experts.

As far as I know Amazon has opened only one position for business in the field of cryptocurrencies -> Digital Currency and Blockchain Product Lead.

Bitcoin is not mentioned anywhere, but CBDC and blockchain are mentioned, which probably suggests that they will work on their own cryptocurrency, which means that we should not be overly happy about such a development.

[nightxglow]

That really is amazing, i feel like i heard so many great news regarding cryptocurrency recently, and i expect it to be this way for long time.
I'm not really surprised though, i've been on twitter for quite long, and my timeline is full of crypto-related tweets, and i can tell you that there are a loooot of new people getting interested in cryptocurrency, many new investors coming, and the hype is really really there. Even i'm surprised at how great and fast the community in crypto had grown now. I hope this won't be just a temporary pump leading to a downfall later on, but let's keep this increasing more and more.

[isaac_clarke22]

~

Many could have feared that they might miss out on the opportunity for some quick buck, that is why they just went straight up and jumped to Bitcoin. 40k+ is still quite pricey even if it was from 60k, since back then everyone had eyed on 20k+, but then when we look at it, it just went insane.