{"id":11798,"date":"2021-09-06T13:54:05","date_gmt":"2021-09-06T13:54:05","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/bitcoin-quickly-jumps-above-the-52k-zone-only-to-get-pushed-back-crypto-economy-climbs-3-5\/"},"modified":"2021-09-06T13:54:05","modified_gmt":"2021-09-06T13:54:05","slug":"bitcoin-quickly-jumps-above-the-52k-zone-only-to-get-pushed-back-crypto-economy-climbs-3-5","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/bitcoin-quickly-jumps-above-the-52k-zone-only-to-get-pushed-back-crypto-economy-climbs-3-5\/","title":{"rendered":"Bitcoin Quickly Jumps Above the $52K Zone Only to Get Pushed Back, Crypto Economy Climbs 3.5%"},"content":{"rendered":"

Bitcoin surpassed the $52K handle on Monday morning, as crypto-asset markets have been moving northbound and gathering more fiat value. The overall crypto economy is around $2.45 trillion and it has gained 3.5% during the last 24 hours. Meanwhile, bitcoin charts show a pending golden crossover which to many means the overall market outlook looks bullish. <\/strong><\/p>\n

Bitcoin Hits Resistance Above the $52K Handle<\/h2>\n

Digital asset markets are in the green today and many crypto assets have seen single to double-digit gains during the last 24 hours. At the time of writing, the entire crypto-economy of 10,000+ cryptos in existence is around $2.45 trillion on Monday. Bitcoin (BTC<\/a>) has gained more than 3.5% today and 6.3% during the last seven days. On Monday morning (EST), BTC<\/a> surpassed the $52K zone reaching $52,230 per unit. Many assume BTC<\/a>\u2019s next few months will be bullish and a pending golden cross chart signal indicates this may be the case.<\/p>\n

Bitcoin (BTC<\/a>) tapped a high of $52,230 on Monday, but has since regressed back to the $51K range.<\/p>\n

Basically, when the short-term moving average jumps over the long-term moving average and starts moving northbound, traders call it a golden cross and assume an upward trend is coming. \u201cOn Friday, BTC<\/a> broke through the resistance of $50,500, paused for the weekend, and exceeded $51,500 on Monday, where it is now struggling to hold on,\u201d Fxpro senior financial analyst Alex Kuptsikevich told Bitcoin.com News.<\/p>\n

\u201cActually, Bitcoin has been trading above $50,000 since last week as the bulls managed to keep the rate above the 200-day moving average. In light of this, the price of \u2018over fifty\u2019 has become quite common over the past few days,\u201d Kuptsikevich added. The analyst further stressed:<\/p>\n

Anchoring above this mark will open the way to $60,000 and may become a catalyst for a fully-fledged reversal of the crypto market.<\/p>\n

Ethereum Closing in on All-Time Highs, Myriad of Other Cryptos See Double-Digit Gains<\/h2>\n

Meanwhile, ethereum (ETH<\/a>) is only up 0.3% today but over the last week, ether has gained 22.2%. ETH<\/a> hit a high above the $4K handle on September 1, but has been below that region since then. Simon Peters, Etoro\u2019s crypto-asset analyst, says ether is headed toward all-time price highs.<\/p>\n

\u201cEther is closing in on all-time highs while bitcoin has reached above $50,000 for the first time since mid-May,\u201d Peters said. \u201cETH<\/a> surged in the last week, coming close to breaching the $4,000 level. The crypto asset began the week below $3,200 but rose quickly through the week, reaching $3,981 by Friday. Over the weekend gains have flattened but remain trading in this range,\u201d he added. The Etoro crypto analyst continued:<\/p>\n

A confluence of factors is contributing to the rising price of ETH<\/a>. ETH<\/a> burning, staking, gas fees, transactions, and locked away tokens on defi are all working in concert to support price levels. BTC<\/a> meanwhile has hit above $50,000 for the first time since mid-May. The crypto asset started the week with falls to below $47,000 before rallying midweek above $50,000. In early trading today BTC<\/a> has surged again, closing in on $52,000.<\/p>\n

As bitcoin and ethereum have seen some gains and of course attention, a number of other crypto-assets have seen better returns over the last 24 hours. Coins like quant, omg network, filecoin, ftx token, fantom, qtum, chainlink, mdex, bitcoin cash, and EOS<\/a> have all seen double-digit 24-hour gains.<\/p>\n

What do you think about bitcoin and the rest of the crypto economy\u2019s recent improvements? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

Bitcoin News
\nMarkets and Prices, $50K, $52K, Alex Kuptsikevich, Bitcoin, bitcoin prices, BTC, crypto economy, Crypto Prices, Crypto Trades, ETH, ether, Ethereum, Etoro analyst, Fxpro Analyst, gas fees, Prices, Simon Peters, staking, trading, values<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin surpassed the $52K handle on Monday morning, as crypto-asset markets have been moving northbound and gathering more fiat value. The overall crypto economy is around $2.45 trillion and it has gained 3.5% during the last 24 hours. Meanwhile, bitcoin charts show a pending golden crossover which to many means the overall market outlook looks…<\/p>\n","protected":false},"author":0,"featured_media":11799,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-11798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11798"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=11798"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11798\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/11799"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=11798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=11798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=11798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}