Bitcoin Price Rise to $ 49,000 Causes Various Altcoins to Hit New All-Time Highs

Mexico, Guerrero, Puerto

Published 3 years ago

ID #868

1 photo

Details Contact

Full Node

Bitcoin Price Rise to $ 49,000 Causes Various Altcoins to Hit New All-Time Highs

Mexico, Guerrero, Puerto,

Published 3 years ago

X-Node Details

On Sunday the bulls made their intentions clear by briefly pushing the price of Bitcoin (BTC) past the $ 49,000 mark, a move that prompted many cryptocurrency enthusiasts on Twitter (NYSE: TWTR) to call for the asset to Top-ranked digital will break the psychological resistance of $ 50,000.

Data from Cointelegraph Markets Pro and TradingView shows that after being stuck in a range near $ 48,200 for several days, the bulls managed to move the price of BTC higher to secure an intraday high of $ 49,242, riding a 20% rally.

from the low of $ 40,890 on September 29.4-hour chart of the BTC / USDT pair. Source: TradingView Weekend gains for Bitcoin come after a volatile week that began with markets seeking momentum after a renewed regulatory crackdown in China weighed on market sentiment.

At the end of the week, some positive news came from Federal Reserve Chairman Jerome Powell, who confirmed that the US Fed has no intention of banning cryptocurrencies.