Btc to up
Bitcoin Still at 
49K
The primary cryptocurrency displayed enhanced volatility in the past several days as it tried to overcome $50,000 on several occasions, but each time was met by a substantial retracement propelled by the bears.
The last such example came on Friday following reports that the US has reached its highest inflation rates in approximately 40 years. Yet, BTC only touched $50,000 and dropped almost immediately.
As a result, bitcoin found itself trading below $47,000 for the third time in a week. However, it bounced off rather nicely as reported yesterday and initiated another leg up that led to nearing $50,000 once more hours ago.
As of now, though, the cryptocurrency is unable to break it and stands at just over $49,000, and its market capitalization is just shy of $950 billion.
49KThe primary cryptocurrency displayed enhanced volatility in the past several days as it tried to overcome $50,000 on several occasions, but each time was met by a substantial retracement propelled by the bears.
The last such example came on Friday following reports that the US has reached its highest inflation rates in approximately 40 years. Yet, BTC only touched $50,000 and dropped almost immediately.
As a result, bitcoin found itself trading below $47,000 for the third time in a week. However, it bounced off rather nicely as reported yesterday and initiated another leg up that led to nearing $50,000 once more hours ago.
As of now, though, the cryptocurrency is unable to break it and stands at just over $49,000, and its market capitalization is just shy of $950 billion.
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