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CRYPTOCURRENCY - Bitcoin bounces back from $50,000 level

The Bitcoin's price bounced back from 50,000-dollar level on fresh purches in all crypto currency markets, after the general sale-wave on the Chair of the United States Federal Reserve Jerome Powell's speech on the cryptocurrencies, defining them as "more for speculation" than they are meant to be used as payment.

NEWS IN ENGLISH 26.03.2021, 08:54
CRYPTOCURRENCY - Bitcoin bounces back from $50,000 level
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Bitcoin increased by 0.96 percent in the last 24 hours to 52,900.35 dollars, after fluctuating between 50,856.57 and 53,392.39 dollars, while the weekly loss of the currency was calculated at 9.13 percent. Bitcoin's total market volume rose to 983.44 billion dollars.


Ethereum, the second-largest unit of the crypto currency markets, also rose by 3.01 percent in the last 24 hours to 1,625.27 dollars, while its weekly loss was 9.12 percent; the market volume of the unit also increased to 187.03 billion dollars.


Tether, the third largest unit of the crypto currency markets, rose by 0.06 percent in the last 24 hours to 1.00 dollar, with a weekly loss of 0.01 percent; the market volume of the unit was at 40.27 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 trillion 652 billion dollars in the early hours of Friday.


While the value of 11 units decreased from the highest volume of 100 units in the last 24 hours in the crypto money markets, one of the top 10 units were among those that fell.


Bitcoin accounted for 59.5 percent and Ethereum for 11.3 percent of the total market volume in 37,058 markets where 8,960 cryptocurrencies were traded, while the 24-hour trading volume in all markets was at 131 billion dollars.

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