The Bitcoin bulls continued to press the cryptocurrency north in the past 24 hours, resulting in a multi-month high of simply over $51,000. Most altcoins likewise carried out well in the very same timeframe, with ETH touching $4,000 for the very first time since mid-May.
Bitcoin Tapped $51K
September didn’t start all that well for bitcoin as the possession fell to a multi-day low of $46,300 on Wednesday. However, this is where the scenario quickly changed.
The primary cryptocurrency started increasing somewhat rapidly. It added $4,000 of worth in a day and briefly exceeded $50,000. Conquering that level, though, wasn’t all that simple, and BTC visited $2,000 to $48,400.
Yet, bitcoin didn’t stay down for too long and started another leg up in the past 24 hours. This time, it increased above $50,000 and kept reaching a daily high of $51,060. This became the highest price tag considering that the mid-May correction.
Since then, BTC backtracked somewhat, but it still trades above $50,000 as of composing these lines. Its market capitalization has neared $950 billion, however its supremacy struggles at around 41.5%.