· The cryptocurrency market continues its bullish run
· Bitcoin prices rise to $50,000
· The market value increases by $1.1 Trillion
· Bitcoin value estimated to reach $100,000
Following the decline of the cryptocurrency market a few months ago, investors have something to smile about as the market continues on its bullish run through the month of august as Bitcoin hits the $50,000 mark over the last 24 hours.
According to CoinGecko, more than 9,000 tokens have experienced growth, moving the market upwards by more than $1 trillion, from $1.2 trillion last month to $2.2 trillion this month. In the last few days alone, the cryptocurrency market value has gone up 3.02% to reach $2.15 trillion as market volume decreased by 1.29% to reach $103 billion.
Decentralized finance reports a 24-hour crypto market volume of $16.6 billion, with Stablecoin volume making up 77.09% of the total volume. Currency, Bitcoin is worth approximately $50,200 with a dominance of 43.88%. Other tokens like Cardano ADA and Ethereum were also on the rise.
With the Bitcoin value estimated to reach $100,000 in the future, investor interest is rising as different cryptocurrencies gain traction in investment portfolios.