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#Bitcoin surges above $50,000 for the first time in 100 days
The popular crypto Bitcoin has surged above $50,000 for the first time in 100 days; it broke back above $50,000 on Monday for the first time in three months
The popular crypto Bitcoin has surged above $50,000 for the first time in 100 days; it broke back above $50,000 on Monday for the first time in three months as investors piled back into the cryptocurrency on bargain-buying.
The largest cryptocurrency by market capitalization, reached as high as $50,152.24, the highest since mid-May, up 2.5%.
Bitcoin has recovered after trading in a range of about $30,000 to $40,000 for many weeks after it plunged from a record near $65,000 in mid-April. Still, it’s up significantly in the past year.
Global cryptocurrency adoption among individual investors has risen significantly over the past year, according to Chainalysis, a blockchain data firm. Global crypto adoption rose roughly 881% in the last year.
The global cryptocurrency market cap was at $2.16 trillion on Sunday, according to data from CoinGecko.com, and cryptocurrency trading volume in the last day was at $109 billion.
More so, the worldwide crypto adoption grew by 880% between June 2020 and July 2021, according to the 2021 Global Crypto Adoption Index by blockchain data platform Chainalysis. India ranks second in terms of crypto adoption worldwide behind Vietnam, but ahead of countries such as the US, UK, and China, as per the report.
Meanwhile, Dogecoin was trading at $0.32, up 1%. Other digital coins like Stellar, Uniswap, XRP, Litecoin, Cardano also were trading with gains over the last 24 hours.