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BTC rose to $ 48,576 today after falling sharply in May

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Leading BTC digital currency trades today at over $ 48,576.44.
Atrium, Dodge Coin and other cryptocurrencies are affected by the Bitcoin uptrend.

The cryptocurrency market is recovering after a 50% drop in value in May. The highest-end bitcoin digital currency has risen nearly $ 50,000 since its historic loss in the second quarter.

The price of Bitcoin on Sunday, August 22 is $ 48,471. According to the CoinMarketCap platform, it dropped slightly by 1.41% in 24 hours. Yesterday, the cryptocurrency was trading at $ 49,821 and everything showed that it broke the line and reached $ 50,000.

BTC recovers after falling in May

BTC

Bitcoin recovered for almost the entire month of June after trading above $ 30,000. At the beginning of the second quarter of the year, the price of Bitcoin was $ 65,000, which was a turning point for cryptography. However, this uptrend did not last long because in May, the digital currency collapsed and has not fully recovered since.

Ether is also affected by the rise of BTC and today reaches the value of $ 3182. Ether has been on the rise for more than a week since launching ETH 2.0.

If you compare the adoption of cryptocurrencies this year with 2020, you can see a dramatic increase. According to Blockchain Chainalysis data, this acceptance of cryptocurrencies has increased by 881% in the last 12 months. 2021 may be the year of cryptocurrencies, and admissions are expected to increase significantly next year.

According to CoinGecko.com, the global market price for cryptocurrencies reached $ 2.16 trillion as of Sunday. However, the volume of cryptocurrency transactions over the weekend is still $ 109 billion.

New bitcoins expected before the end of the year?

BTC rice shows that it can overcome its resistance by the end of August and reach $ 50,000. The No. 1 cryptocurrency on the market has overcome all capital losses, which could help peak its new record high.

It is not clear if the BTC price will cross the $ 65,000 mark, but if it continues to rise, it may reach its target. Regulations against cryptocurrencies in Asia have eased, and a new wave of cryptocurrencies is emerging in Central America and Latin America.

At the beginning of August, Bitcoin started its upward trend and the market is expected to remain the same for a few weeks. The acceptance of organically encrypted currencies is increasing, not because of speculation, which increases the chances of digital currencies reaching new highs in the level.