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Bitcoin breaks the $ 50,000 barrier and Cardano records new all-time highs this August 23

By Angel Di Matteo @shadowargel

Hand in hand with the increases registered by Bitcoin and Cardano This August 23, the major altcoins also capitalize on profits for the time of publishing.


Bitcoin surpasses the barrier of USD $ 50,000 this August 23

A new week begins and we open the price report for this August 23, highlighting the increase seen in the price of Bitcoin (BTC), a currency that at the time of publication is quoted at about USD $ 50,226 per unit, with a slight increase of 2.12% in the last 24 hours.

This is reflected in data published by CoinMarketCap, which reveal that the price of Bitcoin as such it surpassed the USD $ 50,000 barrier shortly before 11:00 pm (New York time) yesterday, a point on which it has remained until the time of publication despite the fluctuations seen throughout this 23 of August.

Bitcoin price evolution this August 23
Bitcoin price evolution this August 23. Image from CoinMarketCap.

Enthusiasm in the Bitcoin market

It is worth noting that the last time we saw Bitcoin over USD $ 50,000 was in the middle of last May of this year. However, at that time the digital currency was going down after the events that took place throughout that month, especially after the announcement made by Tesla in which it suspended payments with the cryptocurrency, as well as the statements of the Chinese government against of the commercialization and mining of these assets.

Let us remember that before the previously mentioned announcements, Bitcoin capitalized on new all-time highs and broke the USD $ 60,000 per unit barrier. Therefore, this increase for many represents a new bull run, which would bring with it the possibility of seeing other important peaks in the coming days / weeks.

Meanwhile, the commercial enthusiasm for the digital currency is also being felt in the main markets, as the volume of daily operations increased more than 6% compared to yesterday, reaching about USD $ 31,644 million at the time of publication. at this time.

It is also important to note that with their current prices, Bitcoin registers a market capitalization of more than USD $ 942,427 million for this August 23, so if these conditions are maintained, very soon we could see that it amounts to USD $ 1,000,000 million (USD $ 1 trillion) in the coming days .

Cardano records new all-time highs this August 23

Another coin that brought pleasant surprises in these last 24 hours was ADA from Cardano, which registered new all-time highs throughout the day and is trading at about USD $ 2.82 per unit at the time of publication, increasing almost 8% compared to what was seen yesterday.

According to information published by CoinMarketCap, The digital currency reached a maximum of USD $ 2.88 a few hours ago and there are great expectations that it will pass the barrier of USD $ 3 if the conditions remain similar throughout this August 23.

In this regard, analysts and enthusiasts associate the existing expectations around the arrival of smart contracts to the network, whose date is scheduled for September 12 through a large-scale update (hard fork). Let’s remember that both IOHK as the Cardano Foundation They have been promoting commercial agreements in the face of this moment, so there are governments, public and private entities interested in testing the benefits of their network Blockchain through various use cases thought with its technology.

Winners and losers of the day

While Bitcoin and Cardano They are listed as the great surprises of the day, below we review the cases with the most pronounced fluctuations for this August 23.

Winning cryptocurrencies

Losing cryptocurrencies

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Report by Angel Di Matteo / DailyBitcoin

Picture of Unsplash

Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: [email protected] Phone: +1 513-209-1700

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