CRYPTOCURRENCY - Bitcoin trapped under the $50K level

The price of Bitcoin remained under the 50,000 dollars level on early Wednesday, where the currency fell at the beginning of the week. Bitcoin hit the all-time high of 58,330.57 dollars on February 21, with the support of rapidly increasing corporate purchases recently.

TÜRKİYE 03.03.2021, 08:50

CRYPTOCURRENCY - Bitcoin trapped under the $50K level

Massachusetts Senator Elizabeth Warren said on Tuesday that she thinks Bitcoin will "implode" as she commented on the world's most popular cryptocurrency after it approached the $50,000-mark once again. Speaking to CNBC, Warren said Bitcoin will "end badly" because it is "speculative in nature."

Warren's comments come after Bill Gates said he was not likely to invest in Bitcoin which he also sees as bad for the environment and after United States Treasury Secretary Janet Yellen said Bitcoin exchange platforms need to be regulated.

Bitcoin increased by 0.49 percent in the last 24 hours to 49,188.25 dollars, after fluctuating between 47,228.85 and 49,671.71 dollars, while the weekly loss of the currency was calculated at 2.19 percent. Bitcoin's total market volume was 917 billion dollars.

With increasing corporate purchases, the total market capitalisation, which exceeded the 1.5 trillion dollar limit for the first time in history on February 15, was at 1.51 trillion dollars in the early hours of Wednesday, remaining over 1.5-trillion dollar level.

While the value of 29 units decreased from the highest volume of 100 units in the last 24 hours in the crypto money markets, two of the top 10 units were among those that fell.
Bitcoin accounted for 60.7 percent and Ethereum for 11.7 percent of the total market volume in 35,068 markets where 8,660 cryptocurrencies were traded, while the 24-hour trading volume in all markets was at 120 billion dollars.

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Takımlar	O	P
1. Galatasaray	33	90
2. Fenerbahçe	33	86
3. Trabzonspor	33	55
4. Beşiktaş	33	51
5. Başakşehir	33	49
6. Rizespor	33	48
7. Kasımpasa	33	46
8. Antalyaspor	33	45
9. Alanyaspor	33	45
10. Sivasspor	33	45
11. A.Demirspor	33	41
12. Samsunspor	33	39
13. Ankaragücü	33	37
14. Kayserispor	33	37
15. Konyaspor	33	36
16. Gaziantep FK	33	34
17. Hatayspor	33	33
18. Karagümrük	33	33
19. Pendikspor	33	30
20. İstanbulspor	33	16

Takımlar	O	P
1. Eyüpspor	31	69
2. Göztepe	31	63
3. Ahlatçı Çorum FK	31	55
4. Sakaryaspor	31	54
5. Bodrumspor	31	52
6. Kocaelispor	31	52
7. Bandırmaspor	31	47
8. Boluspor	31	47
9. Gençlerbirliği	31	47
10. Erzurumspor	31	42
11. Ümraniye	31	37
12. Manisa FK	31	36
13. Keçiörengücü	31	36
14. Şanlıurfaspor	31	34
15. Tuzlaspor	31	33
16. Adanaspor	31	32
17. Altay	31	15
18. Giresunspor	31	7

Takımlar	O	P
1. Arsenal	34	77
2. M.City	33	76
3. Liverpool	34	74
4. Aston Villa	34	66
5. Tottenham	32	60
6. M. United	33	53
7. Newcastle	33	50
8. West Ham United	34	48
9. Chelsea	32	47
10. Bournemouth	34	45
11. Brighton	33	44
12. Wolves	34	43
13. Fulham	34	42
14. Crystal Palace	34	39
15. Brentford	34	35
16. Everton	34	33
17. Nottingham Forest	34	26
18. Luton Town	34	25
19. Burnley	34	23
20. Sheffield United	34	16

Takımlar	O	P
1. Real Madrid	32	81
2. Barcelona	32	70
3. Girona	32	68
4. Atletico Madrid	32	61
5. Athletic Bilbao	32	58
6. Real Sociedad	32	51
7. Real Betis	32	48
8. Valencia	32	47
9. Villarreal	32	42
10. Getafe	32	40
11. Osasuna	32	39
12. Sevilla	32	37
13. Las Palmas	32	38
14. Deportivo Alaves	32	35
15. Rayo Vallecano	32	34
16. Mallorca	32	31
17. Celta Vigo	32	31
18. Cadiz	32	25
19. Granada	32	18
20. Almeria	32	14